Texas Statutes
§ 1503.060 — CHARGES FOR SERVICE OR FACILITY.
Texas § 1503.060
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 1503.060 (CHARGES FOR SERVICE OR FACILITY.) 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. § 1503.060 (2026).
Text
Sec. 1503.060. CHARGES FOR SERVICE OR FACILITY.
(a)The governing body of a municipality that issues warrants under this subchapter shall prescribe by ordinance and collect a reasonable rate, rent, or other charge for the service or facility furnished by the airport for which the warrants are issued.
(b)The charges under Subsection (a) must be in an amount that will produce revenue sufficient to:
(1)pay when due the principal of and interest on all warrants for which the revenue has been pledged, including reserves; and
(2)provide for all expenses of operation and maintenance of the airport for which the warrants were issued, including reserves.
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Legislative History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Nearby Sections
15
§ 1503.001
AUTHORITY TO ISSUE REVENUE BONDS.§ 1503.002
BONDS PAYABLE FROM REVENUE.§ 1503.004
CONTENTS OF ORDINANCE AUTHORIZING BONDS.§ 1503.005
ADOPTION AND EXECUTION OF DOCUMENTS.§ 1503.006
MATURITY.§ 1503.007
SIGNATURES.§ 1503.008
SALE OF BONDS.§ 1503.009
INVESTMENT OF BOND PROCEEDS AND FUNDS.§ 1503.010
REFUNDING BONDS.§ 1503.011
APPLICABILITY OF OTHER LAW.§ 1503.051
APPLICABILITY OF SUBCHAPTER.§ 1503.052
DEFINITION.§ 1503.053
AUTHORITY TO ISSUE BONDS AND WARRANTS.§ 1503.054
PLEDGE OF REVENUE.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1503.060, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/1503.060.