Texas § 1502.052 PLEDGE OF REVENUE.

Texas Statutes

§ 1502.052 — PLEDGE OF REVENUE.

Texas § 1502.052

Code GVGovernment Code

This text of Texas § 1502.052 (PLEDGE OF REVENUE.) 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. § 1502.052 (2026).

Text

Sec. 1502.052. PLEDGE OF REVENUE.

(a)The governing body of a municipality may pledge to the payment of any public securities issued or any obligations incurred under Section 1502.051 (c) all or any part of the revenue of:

(1)a utility system;

(2)a park; or

(3)a swimming pool.

(b)The governing body of a municipality may grant a lien on the revenue pledged under Subsection (a). The lien has the priority determined by the governing body, subject to the provisions of Section 1502.056 .

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Sec. 1502.052. PLEDGE OF REVENUE. (a) The governing body of a municipality may pledge to the payment of any public securities issued or any obligations incurred under Section 1502.051 (c) all or any part of the revenue of:
(1) a utility system;
(2) a park; or
(3) a swimming pool.
(b) The governing body of a municipality may grant a lien on the revenue pledged under Subsection (a). The lien has the priority determined by the governing body, subject to the provisions of Section 1502.056 .

Legislative History

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Renumbered from Government Code Sec. 1502.054 and amended by Acts 1999, 76th Leg., ch. 1064, Sec. 22, eff. Sept. 1, 1999.