Texas Statutes
§ 1501.051 — AUTHORITY TO USE UTILITY REVENUE FOR SINKING FUND OR INTEREST PAYMENTS.
Texas § 1501.051
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 1501.051 (AUTHORITY TO USE UTILITY REVENUE FOR SINKING FUND OR INTEREST PAYMENTS.) 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. Government Code Code Ann. § 1501.051 (2026).
Text
Sec. 1501.051. AUTHORITY TO USE UTILITY REVENUE FOR SINKING FUND OR INTEREST PAYMENTS.
(a)The governing body of a municipality may appropriate the net revenue from any municipal public utility system, service, or enterprise, in the amount that the governing body determines is in the best interest of the municipality, to:
(1)the credit of the sinking fund for any bonded debt incurred because of the utility system, service, or enterprise; or
(2)the payment of any interest on the bonded debt incurred because of that utility system, service, or enterprise.
(b)A governing body that makes an appropriation under Subsection (a) must make the appropriation:
(1)at the end of the municipality's fiscal year; and
(2)before the governing body adopts a tax rate for that fiscal year.
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Legislative History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Nearby Sections
15
§ 1501.001
APPLICABILITY OF SUBCHAPTER.§ 1501.002
AUTHORITY TO ISSUE BONDS.§ 1501.003
PLEDGE OF REVENUE.§ 1501.004
AUTHORITY TO ISSUE ADDITIONAL BONDS.§ 1501.005
CONTRACTS.§ 1501.006
RATES FOR SERVICE.§ 1501.052
EFFECT ON TAXES.§ 1501.102
AUTHORITY TO ISSUE REVENUE BONDS.§ 1501.153
PETITION; ELECTION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1501.051, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/1501.051.