Sec. 1503.001. AUTHORITY TO ISSUE REVENUE BONDS. (a) A municipality by ordinance may issue revenue bonds to:
(1) establish, improve, enlarge, extend, or repair:
(A) an airport of the municipality; or
(B) a building, improvement, landing field, or other facility or service the municipality considers necessary, desirable, or convenient for the efficient operation and maintenance of an airport; or
(2) acquire land for an airport.
(b) The municipality shall issue the bonds in the manner provided by Subchapter C.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1503 - Obligations for Municipal Airports
Subchapter A. Revenue Bonds for Airports
Section 1503.001. Authority to Issue Revenue Bonds
Section 1503.002. Bonds Payable From Revenue
Section 1503.003. Pledge of Tax for Operation and Maintenance Expenses; Proceeds
Section 1503.004. Contents of Ordinance Authorizing Bonds
Section 1503.005. Adoption and Execution of Documents
Section 1503.008. Sale of Bonds
Section 1503.009. Investment of Bond Proceeds and Funds