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Texas Government Code - GOV'T § 1505.211. Transfer of Pledged Revenue

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

(a) A municipality may, in the bond authorization, transfer pledged revenue from the harbor improvement or facility to the general fund of the municipality.

(b) The transferred revenue:

(1) must be in the amount authorized in the bond authorization;  and

(2) to the extent authorized in the bond authorization, may be used for general or special purposes.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1505.211. Transfer of Pledged Revenue - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1505-211/

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