Tex. Gov't Code § 1504.267 · Subchapter F. REVENUE BONDS FOR CULTURAL FACILITIES IN HOME-RULE MUNICIPALITIES WITH POPULATION OF 1.9 MILLION OR MORE
USE OF REVENUE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A municipality shall use revenue derived from that portion of mixed beverage tax receipts authorized to be pledged under Section 1504.256 for the purposes described by Sections 1504.252 and 1504.258, including the pledge of that revenue to the payment of bonds issued for a purpose described by Section 1504.252.
(b) Amounts received by a municipality from that portion of the mixed beverage tax receipts authorized to be pledged under Section 1504.256 and pledged to the payment of bonds as provided by Subsection (a) that exceed the amounts required by the ordinance under which the bonds are issued may be used for any other purpose described by Section 1504.252 or 1504.258. The governing body of the municipality may determine that any remaining amounts are excess money and may use those amounts for any lawful purpose if that use does not violate an ordinance adopted by the governing body in connection with the issued 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.1504.htm
- Text hash
- sha256 9c423e3a279feac910740e6fe3350ca4c0ca6f7a6c0fd2166ae53919da4611d9
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Government Code
- Tex. Gov't Code § 1504.252AUTHORITY FOR CULTURAL AND PARKING FACILITIES.Printed as Section 1504.252 | Section 1504.252 or 1504.258 | Sections 1504.252 and 1504.258
- Tex. Gov't Code § 1504.256PLEDGE OF MIXED BEVERAGE TAX RECEIPTS.Printed as Section 1504.256
- Tex. Gov't Code § 1504.258ADDITIONAL USE OF MIXED BEVERAGE TAX RECEIPTS.Printed as Section 1504.252 or 1504.258 | Sections 1504.252 and 1504.258
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.