Sec. 1473.143. RENTS AND RATES FOR SERVICES. The commissioners court shall charge rents or rates for services of the parking facility and shall use any other revenue generated by the parking facility so that the revenues of the facility are sufficient to:
(1) pay the expenses of owning, operating, and maintaining the facility;
(2) pay when due the principal of and interest on the bonds; and
(3) create and maintain a bond reserve fund and other funds as provided by the bond order or trust indenture.
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 E. Bonds for Parking Facilities
Section 1473.132. Authority for Parking Facilities
Section 1473.133. Other Facilities Within Parking Facility
Section 1473.134. Lease of Parking Facility
Section 1473.135. Authority to Issue Bonds
Section 1473.136. Pledge of Revenue; Tax
Section 1473.137. Bonds Not Payable From Taxes
Section 1473.139. Signatures; Registration by County Treasurer
Section 1473.140. Additional Bonds
Section 1473.141. Sale of Bonds
Section 1473.142. Use of Bond Proceeds
Section 1473.143. Rents and Rates for Services
Section 1473.144. Refunding Bonds
Section 1473.145. Provisions for Operation of Parking Facility