Tex. Tax Code § 351.155 · Subchapter C. MUNICIPAL HOTEL AND CONVENTION CENTER PROJECTS
PLEDGE OR COMMITMENT OF CERTAIN TAX REVENUE FOR OBLIGATIONS FOR QUALIFIED PROJECT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In addition to the authority of a municipality to issue debt under Chapter 1504, Government Code, a municipality may pledge or commit the revenue derived from the tax imposed under this chapter from a qualified hotel and the revenue to which the municipality is entitled under Section 351.156 and, if applicable, Section 351.157 for the payment of:
(1) bonds or other obligations issued for a qualified project; and
(2) contractual obligations related to the project, including obligations under:
(A) a contract authorized by Chapter 380, Local Government Code, for the project; and
(B) an interlocal agreement directly related to the project.
(b) A municipality may pledge or commit revenue for the payment of bonds, other obligations, or contractual obligations under Subsection (a) only if the qualified hotel that is a component of the qualified project for which that revenue is pledged or committed benefits from the pledging or committing of that revenue.
(c) A municipality may pledge or commit revenue under this section for only one qualified project. After a municipality pledges or commits revenue under this section for a qualified project, the municipality may not ever again pledge or commit revenue for a qualified project.
(c-1) This subsection applies only to a municipality described by Section 351.152(12) that has a population of 130,000 or more. Notwithstanding Subsection (c), a municipality to which this subsection applies may pledge or commit revenue under this section for only two qualified projects.
(d) Subsection (c) does not apply to a municipality with a population of 175,000 or more.
(e) A municipality is not entitled to receive revenue under Section 351.156 or 351.157 unless the municipality has pledged or committed a portion of the revenue derived from the tax imposed under this chapter and collected by the qualified hotel for the payment of bonds, other obligations, or contractual obligations described by Subsection (a) and issued or incurred for the qualified project.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 952 (H.B. 4347), Sec. 8, eff. September 1, 2019.
Amended by:
Acts 2025, 89th Leg., R.S., Ch. 302 (S.B. 529), Sec. 1, eff. May 30, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TX/htm/TX.351.htm
- Text hash
- sha256 c87d3f86529ac4ddadaebb12b98a74613700df00d8c9b82939fc4453e871a8cf
- 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
Local Government Code
Tax Code
- Tex. Tax Code § 351.152APPLICABILITY.Printed as Section 351.152(12)
- Tex. Tax Code § 351.156ENTITLEMENT TO CERTAIN TAX REVENUE.Printed as Section 351.156 | Section 351.156 or 351.157
- Tex. Tax Code § 351.157ADDITIONAL ENTITLEMENT FOR CERTAIN MUNICIPALITIES.Printed as Section 351.156 or 351.157 | Section 351.157
Cited by 4 provisions
Provisions in this library whose text cites Tex. Tax Code § 351.155. Each shows the citation as that text prints it.
Tax Code
- Tex. Tax Code § 351.1063ALLOCATION OF REVENUE FOR ADVERTISING AND PROMOTION: CERTAIN MUNICIPALITIES WITH CERTAIN PROJECTS.Printed as Section 351.155
- Tex. Tax Code § 351.1064ALLOCATION OF REVENUE FOR CERTAIN SPORTING EVENT EXPENSES: CERTAIN MUNICIPALITIES WITH QUALIFIED PROJECT.Printed as Section 351.155
- Tex. Tax Code § 351.156ENTITLEMENT TO CERTAIN TAX REVENUE.Printed as Sections 351.155(e) and 351.158
- Tex. Tax Code § 351.157ADDITIONAL ENTITLEMENT FOR CERTAIN MUNICIPALITIES.Printed as Section 351.155
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.