Sec. 1503.102. AUTHORITY TO ISSUE REVENUE BONDS. (a) In this section, "improvement" includes the construction or enlargement of a hangar or a related building for use by a tenant or concessionaire of an airport, including a person, firm, or corporation who furnishes repairs or other services to air carriers.
(b) The governing body of a municipality by ordinance may issue revenue bonds for improving, enlarging, extending, or repairing its airport.
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 C. Revenue Bonds for Airports in Municipalities With Population of More Than 70,000
Section 1503.101. Applicability of Subchapter
Section 1503.102. Authority to Issue Revenue Bonds
Section 1503.103. Pledge of Revenue
Section 1503.104. Lien on Airport
Section 1503.105. Bonds Not Payable From Taxes
Section 1503.107. Charges for Services; Reserves