Sec. 1509.203. AUTHORITY TO ISSUE REVENUE BONDS. To provide money to acquire, construct, improve, enlarge, or equip property or a facility for a public purpose, the governing body of a municipality may issue revenue bonds that are payable from and secured by a lien on and pledge of all or any part of the revenue, income, or receipts the municipality receives from its ownership and operation of:
(1) a portion of a toll bridge over the Rio Grande; or
(2) property, a facility, or an activity.
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
Section 1509.201. Applicability of Subchapter
Section 1509.202. Authority for Property, Facility, or Activity
Section 1509.203. Authority to Issue Revenue Bonds
Section 1509.204. Pledge of Revenue
Section 1509.205. Additional Security
Section 1509.206. Bonds Not Payable From Taxes
Section 1509.208. Additional Bonds
Section 1509.209. Sale of Bonds
Section 1509.211. Lease or Rental of Property or Facility to United States
Section 1509.212. Refunding Bonds