Texas § 45.158 CHARGES FOR USE OF STADIUM.

Texas Statutes

§ 45.158 — CHARGES FOR USE OF STADIUM.

Texas § 45.158

Code EDEducation Code

This text of Texas § 45.158 (CHARGES FOR USE OF STADIUM.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Education Code Code Ann. § 45.158 (2026).

Text

Sec. 45.158. CHARGES FOR USE OF STADIUM.

(a)The board of directors shall charge sufficient rates for services rendered by the stadium and shall use other sources of its revenues so that revenues will be produced sufficient to:

(1)pay all expenses in connection with the ownership, operation, and upkeep of the stadium;

(2)pay the interest on the bonds as it becomes due;

(3)create a sinking fund to pay the bonds as they become due; and

(4)create and maintain a bond reserve fund and other funds as provided in the bond resolution or trust indenture.

(b)The bond resolution or trust indenture may prescribe systems, methods, routines, and procedures under which the stadium shall be operated.

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Sec. 45.158. CHARGES FOR USE OF STADIUM. (a) The board of directors shall charge sufficient rates for services rendered by the stadium and shall use other sources of its revenues so that revenues will be produced sufficient to:
(1) pay all expenses in connection with the ownership, operation, and upkeep of the stadium;
(2) pay the interest on the bonds as it becomes due;
(3) create a sinking fund to pay the bonds as they become due; and
(4) create and maintain a bond reserve fund and other funds as provided in the bond resolution or trust indenture.
(b) The bond resolution or trust indenture may prescribe systems, methods, routines, and procedures under which the stadium shall be operated.