Sec. 54.243. DISPOSITION OF IMPACT FEES. A district that charges a fee that is an impact fee as described in Section 395.001(4), Local Government Code, shall use the fees collected and any interest accrued on the fees collected only for:
(1) payment of principal and interest on bonds, notes, or other obligations issued by or on behalf of the district to finance the capital improvements or facility expansions identified in the capital improvement plan required by Section 395.012(d), Local Government Code; or
(2) cash payment of the costs of capital improvements or facility expansions identified in the capital improvement plan required by Section 395.012(d), Local Government Code.
Added by Acts 1999, 76th Leg., ch. 1269, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1313, Sec. 1, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 54 - Municipal Utility Districts
Subchapter D. Powers and Duties
Section 54.203. Municipal Solid Waste
Section 54.205. Adopting Rules and Regulations
Section 54.2051. Service Connections to Certain Dwelling Units
Section 54.2052. Plumbing Code
Section 54.206. Effect of Rules
Section 54.207. Publication of Rules
Section 54.208. Effective Date of Rules
Section 54.209. Limitation on Use of Eminent Domain
Section 54.234. Acquiring Road Powers
Section 54.235. Authority to Contract
Section 54.236. Street or Security Lighting
Section 54.237. Enforcement of Real Property Restrictions
Section 54.239. Appeal to the Commission of Decision of Board Regarding Facilities
Section 54.241. Action on the Petition