Sec. 1505.203. AUTHORITY TO ISSUE REVENUE BONDS. (a) A municipality may issue revenue bonds to construct, acquire, lease, improve, enlarge, extend, repair, maintain, replace, develop, operate, regulate, or encumber a harbor or port of the municipality or a navigational facility that pertains or is an aid to the harbor or port, including:
(1) land or fill;
(2) a boathouse or boat piling;
(3) a seawall, breakwater, or shore protection;
(4) a wharf, dock, or pier;
(5) a walk or way;
(6) a wall or bulkhead;
(7) a canal, channel, slip, pool, waterway, or turning basin;
(8) a dry dock, service facility, floating plant, loading device, lightering facility, bunkering facility, or towing facility;
(9) a bridge, tube, underpass, tunnel, or ferry;
(10) equipment;
(11) a pavilion, building, warehouse, or structure;
(12) an aid to navigation; and
(13) any other facility, improvement, or aid incident to or necessary or desirable in connection with the harbor or port.
(b) This subchapter does not authorize a municipality to issue bonds that are payable from taxes.
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 1505 - Obligations for Coastal Municipalities for Coastal Matters
Section 1505.201. Applicability of Subchapter
Section 1505.203. Authority to Issue Revenue Bonds
Section 1505.204. Authority to Accept Loans and Grants
Section 1505.205. Location of Harbor Improvement or Facility
Section 1505.206. Pledge of Revenue
Section 1505.207. Grant of Franchise
Section 1505.208. Bonds Not Payable From Taxes
Section 1505.210. Additional Bonds
Section 1505.211. Transfer of Pledged Revenue
Section 1505.213. Appointment of Receiver
Section 1505.214. Exemption From Assessment or Taxation
Section 1505.215. Authority to Issue Refunding Bonds
Section 1505.216. Terms of Issuance of Refunding Bonds
Section 1505.217. Registration of Refunding Bonds by Comptroller