Sec. 1504.207. CHARGES FOR SERVICES. (a) A municipality shall impose and collect charges for the use of an encumbered exposition or convention hall in amounts determined by the governing body to be sufficient to pay:
(1) all operating, maintenance, depreciation, replacement, improvement, and interest charges in connection with the hall;
(2) for an interest and sinking fund sufficient to pay any bonds issued to purchase, construct, or improve the hall; and
(3) any outstanding debt against the hall.
(b) A municipality may not allow any free use of or free service in connection with the exposition or convention hall.
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 1504.201. Applicability of Subchapter
Section 1504.202. Authority for Exposition and Convention Halls
Section 1504.203. Authority to Issue Bonds, Notes, and Warrants
Section 1504.204. Pledge of Income
Section 1504.205. Obligations Not Payable From Taxes
Section 1504.206. Operating Expenses as First Lien
Section 1504.207. Charges for Services
Section 1504.208. Use of Income for Other Purposes Prohibited
Section 1504.209. Management and Control
Section 1504.212. Notice to Governing Body Before Foreclosure or Other Action