Sec. 1505.211. TRANSFER OF PLEDGED REVENUE. (a) A municipality may, in the bond authorization, transfer pledged revenue from the harbor improvement or facility to the general fund of the municipality.
(b) The transferred revenue:
(1) must be in the amount authorized in the bond authorization; and
(2) to the extent authorized in the bond authorization, may be used for general or special purposes.
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