Tex. Gov't Code § 1503.107 · Subchapter C. REVENUE BONDS FOR AIRPORTS IN MUNICIPALITIES WITH POPULATION OF MORE THAN 70,000
CHARGES FOR SERVICES; RESERVES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If the governing body of a municipality pledges the revenue of a property or facility of an airport to the payment of bonds issued under this subchapter, the governing body shall impose and collect a charge for services rendered in connection with the use of the property or facility in an amount at least sufficient to:
(1) provide for the maintenance and operation expenses of the property or facility;
(2) pay the principal of and interest on the bonds as required by the ordinance authorizing the bonds; and
(3) provide any reserve fund required by the ordinance authorizing the bonds.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1503.htm
- Text hash
- sha256 6615e90db8dbc4f352bc9b3d682dd1a49978f917ed93eb53cc561b43cf9991a5
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.