Sec. 1504.110. RECORDS. The chief executive officer of the municipality shall establish and maintain a complete system of records that:
(1) shows each free use of and free service provided in connection with the use of a building or structure described by Section 1504.102 and the value of the use or service; and
(2) shows separately the amounts spent and the amounts set aside for operation, salaries, labor, materials, repairs, maintenance, depreciation, replacements, additions, interest, and the creation of a sinking fund to pay the bonds and debt.
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 1504 - Obligations for Municipal Buildings
Section 1504.101. Applicability of Subchapter
Section 1504.102. Authority for Auditoriums and Exhibition Facilities
Section 1504.103. Authority to Issue Bonds, Notes, and Warrants
Section 1504.104. Pledge of Revenue
Section 1504.105. Obligations Not Payable From Taxes
Section 1504.107. Operating Expenses as First Lien
Section 1504.108. Charges for Services
Section 1504.109. Use of Revenue for Other Purposes Prohibited