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Texas Government Code - GOV'T § 1432.012. Charges

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The governing body of a local government may impose and collect charges for the use or availability of a facility authorized by this chapter.

(b) A local government shall impose and collect pledged charges in an amount that will be at least sufficient, with any other pledged resources, to provide for the payment of:

(1) the principal of, interest on, and any other amounts required in connection with the bonds; and

(2) to the extent required by the bond authorization:

(A) expenses incurred in connection with the bonds; and

(B) operation, maintenance, and other expenses incurred in connection with the facility.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1432.012. Charges - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1432-012/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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