Tex. Gov't Code § 1506.010 · Subchapter A. REVENUE BONDS FOR PARKING FACILITIES IN HOME-RULE MUNICIPALITIES WITH POPULATION OF LESS THAN 60,000
FEES FOR SERVICES; RESERVES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A municipality may establish and enforce fees for the use of a building or other improvement financed under this subchapter and the parking lot on which the building or other improvement is located.
(b) While the principal of or interest on a bond issued under this subchapter is outstanding, the municipality shall charge the fees in amounts at least sufficient to:
(1) pay all operating and maintenance expenses in connection with the building or other improvement and the parking lot;
(2) pay the principal of and interest on the outstanding bonds as the principal matures and as the interest accrues; and
(3) establish and maintain any reserves prescribed in the ordinance authorizing the issuance of the bonds.
(c) Fees charged under this section must be equal and uniform within classes defined by the governing body of the municipality.
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 c8a8365f0544461f160cef9041d58ca4256fad96e786e766e9d9bc5e6e724db1
- 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.