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Texas Government Code - GOV'T § 1506.161. Charges

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(a) The governing body of a municipality may impose and collect charges for the use or availability of a facility or other property described by Section 1506.152(a) in the amounts and manner determined by the governing body.

(b) A municipality shall impose pledged charges in amounts 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 to which the charges are pledged;  and

(2) to the extent required by the ordinance authorizing the issuance of the bonds:

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

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

Cite this article: - Texas Government Code - GOV'T § 1506.161. Charges - last updated April 14, 2021 |

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