Sec. 1508.111. MANAGEMENT AND CONTROL. (a) The contract under which a project authorized by Section 1508.102 is encumbered must provide for the placement of the management and control of the project during the time the project is encumbered in:
(1) the governing body of the municipality; or
(2) another governing body established for that purpose by the governing body of the municipality.
(b) The governing body that manages and controls a project under Subsection (a) may:
(1) adopt rules governing the use and rental of the project and for the payment of rents and concession charges; and
(2) provide penalties for:
(A) the violation of rules adopted under Subdivision (1);
(B) the use of the project without the consent or knowledge of the authorities in charge of the project; or
(C) any interference with, trespass on, or injury to the project or the property on which the project is located.
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 1508 - Obligations for Municipal Parks, Recreational Facilities, and Airports
Section 1508.101. Applicability of Subchapter
Section 1508.102. Authority for Certain Health or Recreational Facilities
Section 1508.103. Authority to Issue Bonds, Notes, and Warrants
Section 1508.104. Pledge of Income
Section 1508.106. Obligation Not Payable From Taxes
Section 1508.107. Application of Other Law
Section 1508.108. Operating Expenses as First Lien
Section 1508.109. Rents and Concession Charges
Section 1508.110. Use of Income for Other Purpose Prohibited
Section 1508.111. Management and Control
Section 1508.112. Appointment of Trustee; Attorney's Fees
Section 1508.113. Notice to Governing Body Before Foreclosure or Other Action