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Texas Government Code - GOV'T § 1502.052. Pledge of Revenue

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

(a) The governing body of a municipality may pledge to the payment of any public securities issued or any obligations incurred under Section 1502.051(c) all or any part of the revenue of:

(1) a utility system;

(2) a park;  or

(3) a swimming pool.

(b) The governing body of a municipality may grant a lien on the revenue pledged under Subsection (a).  The lien has the priority determined by the governing body, subject to the provisions of Section 1502.056.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1502.052. Pledge of Revenue - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1502-052/

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