Sec. 3869.156. USE OF SURPLUS MAINTENANCE AND OPERATION MONEY. If the district has surplus maintenance and operation tax money that is not needed for the purposes for which it was collected, the money may be used for any authorized purpose.
Added by Acts 2009, 81st Leg., R.S., Ch. 888 (S.B. 2550), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3869 - Padre Island Gateway Municipal Management District
Subchapter D. General Financial Provisions
Section 3869.151. General Powers Regarding Financial Matters
Section 3869.152. Borrowing Money
Section 3869.153. Impact Fees and Assessments; Exemption
Section 3869.154. Certain Residential Property Not Exempt
Section 3869.155. Maintenance and Operation Tax; Election
Section 3869.156. Use of Surplus Maintenance and Operation Money
Section 3869.157. Bonds and Other Obligations; Municipal Approval
Section 3869.158. Bond Maturity