Sec. 1506.163. PUBLIC PURPOSE. The acquisition, construction, improvement, enlargement, equipment, operation, and maintenance of a facility or other property described by Section 1506.152(a) is a public purpose and proper municipal function.
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 1506 - Bonds for Municipal Parking and Transportation Facilities
Section 1506.151. Applicability of Subchapter
Section 1506.152. Authority for Parking and Transportation Facilities
Section 1506.153. Contracts and Leases; Joint Development
Section 1506.154. Authority to Issue Revenue Bonds
Section 1506.155. Pledge of Revenue
Section 1506.156. Additional Security
Section 1506.158. Additional Bonds
Section 1506.159. Sale of Bonds
Section 1506.160. Review and Approval of Contracts Relating to Bonds
Section 1506.162. Refunding Bonds