Sec. 3844.154. FINANCING OF PUBLIC TRANSIT SYSTEM OR PARKING FACILITIES. (a) The district may use any of its resources, including revenue, assessments, taxes, and grant or contract proceeds, to pay the cost of acquiring and operating a public transit system or public parking facilities.
(b) The district may set and impose fees, charges, or tolls for the use of the public transit system or the public parking facilities and may issue bonds or notes to finance the cost of these facilities.
(c) Except as provided by Section 3844.151, if the district pays for or finances the cost of acquiring or operating a public transit system or public parking facilities with resources other than assessments, a petition of property owners or a public hearing is not required.
Added by Acts 2005, 79th Leg., Ch. 768 (H.B. 3517), Sec. 1, eff. June 17, 2005.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3844 - Harris County Improvement District No. 7
Subchapter D. Public Transit System and Parking Facilities
Section 3844.151. Public Transit System; Petition Required
Section 3844.152. Parking Facilities Authorized; Operation by Private Entity; Tax Exemption
Section 3844.154. Financing of Public Transit System or Parking Facilities
Section 3844.155. Payment in Lieu of Taxes to Other Taxing Unit