Sec. 1509.111. CHARGES. (a) The governing body of a municipality may impose and collect charges for the use or availability of the farmers' market.
(b) The municipality shall impose and collect pledged charges in an amount that will be at least sufficient, with any other pledged resources, to provide for the payment of:
(1) the principal of, interest on, and any other amounts required in connection with the bonds; and
(2) to the extent required by the ordinance authorizing the issuance of the bonds:
(A) expenses incurred in connection with the bonds; and
(B) operation, maintenance, and other expenses incurred in connection with the farmers' market.
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 1509 - Obligations for Other Municipal Purposes
Subchapter C. Bonds for Farmers' Markets in Municipalities With Population of More Than 650,000
Section 1509.101. Applicability of Subchapter
Section 1509.103. Authority for Farmers' Market
Section 1509.104. Authority to Issue Revenue Bonds
Section 1509.105. Pledge of Revenue
Section 1509.106. Additional Security
Section 1509.108. Additional Bonds
Section 1509.109. Sale of Bonds
Section 1509.110. Review and Approval of Contracts Relating to Bonds
Section 1509.112. Refunding Bonds