Tex. Gov't Code § 1505.072 · Subchapter B. BONDS FOR NAVIGATIONAL FACILITIES IN CERTAIN COASTAL MUNICIPALITIES
DISPOSITION OF CERTAIN SURPLUS MONEY.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The governing body of the municipality may provide for the disposition of surplus money in the operation and maintenance account or a depreciation account by having the money:
(1) transferred to the bond and interest redemption fund;
(2) invested; or
(3) otherwise disposed of.
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.1505.htm
- Text hash
- sha256 1c90c888e61273debf8645d5a741329611072efda50be44202266117dcf9685d
- 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.