Sec. 1509.204. PLEDGE OF REVENUE. A municipality may pledge to the payment of bonds issued under this subchapter, including the principal of, interest on, or another amount required or permitted to be paid in connection with the bonds, all or any part of its revenue, income, or receipts from:
(1) a charge authorized by Section 1509.210; or
(2) another resource.
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