Sec. 1473.054. RENT. For each part of a building described by Section 1473.052(a) that is not used for a public purpose, the county shall charge and collect rent in an amount sufficient to:
(1) pay all operating, maintenance, depreciation, replacement, improvement, and interest charges and expenses for the building; and
(2) create an interest and sinking fund sufficient to pay any securities issued under this subchapter.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle I - Specific Authority for Counties to Issue Securities
Chapter 1473 - Obligations for County Buildings
Subchapter C. Securities to Improve or Repair Certain Buildings
Section 1473.052. Authority to Issue Obligations
Section 1473.053. Obligations Not Payable From Taxes