Tex. Gov't Code § 1508.205 · Subchapter E. CERTIFICATES OF INDEBTEDNESS FOR SEA LIFE PARK AND OCEANARIUM
AUTHORITY TO ENTER INTO AGREEMENT REGARDING PUBLIC FACILITIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The governing body of a municipality may enter into an agreement relating to the operation, maintenance, development, expansion, equipment, or supplying of a public facility described by Section 1508.202.
(b) An agreement authorized by Subsection (a) may be entered into only:
(1) on the issuance of certificates of indebtedness under this subchapter; or
(2) in anticipation of:
(A) the issuance of certificates of indebtedness under this subchapter; or
(B) the receipt of revenue from a public facility instead of the issuance of certificates of indebtedness.
(c) The agreement may be of a type, on the terms, and entered into under procedures that the governing body determines best, necessary, and proper.
(d) The proceeds from the certificates of indebtedness, or the revenue received instead of issuing certificates, may be used to satisfy an agreement under this section.
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.1508.htm
- Text hash
- sha256 821f74535bc80e1932081d25cffbc7ea333d56211b7ca74ebe071232fdbaac1a
- 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
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