Sec. 1432.012. CHARGES. (a) The governing body of a local government may impose and collect charges for the use or availability of a facility authorized by this chapter.
(b) A local government shall impose and collect pledged charges in an amount that will be at least sufficient, with any other pledged resources, to provide for the payment of:
(1) the principal of, interest on, and any other amounts required in connection with the bonds; and
(2) to the extent required by the bond authorization:
(A) expenses incurred in connection with the bonds; and
(B) operation, maintenance, and other expenses incurred in connection with the facility.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities
Chapter 1432 - Bonds for Local Government Sports Centers
Section 1432.001. Applicability of Chapter
Section 1432.003. Authority for Sports Centers
Section 1432.004. Authority to Issue Revenue Bonds
Section 1432.005. Pledge of Revenue
Section 1432.006. Additional Security
Section 1432.007. Bonds Not Payable From Taxes
Section 1432.009. Additional Bonds
Section 1432.010. Sale of Bonds
Section 1432.011. Review and Approval of Contracts Relating to Bonds
Section 1432.013. Refunding Bonds