Sec. 1503.104. LIEN ON AIRPORT. Subject to a limitation contained in a previous pledge, if any, and in addition to the pledge of revenue under Section 1503.103, the governing body of the municipality may give a lien on all or part of the physical property of the 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