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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) To meet its obligations under a games support contract or event support contract to improve, construct, renovate, or acquire facilities or to acquire equipment, an endorsing municipality by ordinance or an endorsing county by order may authorize the issuance of notes.
(b) An endorsing municipality or endorsing county may provide that the notes be paid from and secured by:
(1) amounts on deposit or amounts to be deposited to the fund; or
(2) surcharges from user fees charged in connection with the event, including parking or ticket fees.
(c) A note issued must mature not later than the seventh anniversary of the date of issuance.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 478.0252. Issuance of Notes - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-478-0252/
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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