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Texas Government Code - GOV'T § 1505.212. Rates

Current as of April 14, 2021 | Updated by FindLaw Staff

The governing body of the municipality shall set the rates for municipal charges, rents, and leases and for services rendered by the municipality in connection with a harbor improvement or facility, the revenue of which is pledged, in an amount sufficient to:

(1) pay the expense of operating and maintaining the improvement or facility;

(2) pay the interest on the bond as it accrues;

(3) pay the principal of the bond as it matures;  and

(4) maintain the reserve and other funds as provided in the bond authorization, unless otherwise specifically provided for in the bond authorization.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1505.212. Rates - last updated April 14, 2021 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1505-212.html

Read this complete Texas Government Code - GOV'T § 1505.212. Rates on Westlaw

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 or via Westlaw before relying on it for your legal needs.

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