Tex. Gov't Code § 1506.003 · Subchapter A. REVENUE BONDS FOR PARKING FACILITIES IN HOME-RULE MUNICIPALITIES WITH POPULATION OF LESS THAN 60,000
PLEDGE OF REVENUE.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section, "net revenue" means gross revenue minus all operation and maintenance expenses.
(b) Bonds issued under this subchapter may be secured only by a pledge of and be payable from the net revenue from the building or other improvement for which the bonds are issued and the parking lot on which the building or improvement is located.
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.1506.htm
- Text hash
- sha256 5ac37de263a0e2cef36bed79838d04f94cbf0b235e337eb312d10cf6f5e430bc
- 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.