Texas § 1503.107 CHARGES FOR SERVICES; RESERVES.

Texas Statutes

§ 1503.107 — CHARGES FOR SERVICES; RESERVES.

Texas § 1503.107

Code GVGovernment Code

This text of Texas § 1503.107 (CHARGES FOR SERVICES; RESERVES.) 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. § 1503.107 (2026).

Text

Sec. 1503.107. CHARGES FOR SERVICES; RESERVES. If the governing body of a municipality pledges the revenue of a property or facility of an airport to the payment of bonds issued under this subchapter, the governing body shall impose and collect a charge for services rendered in connection with the use of the property or facility in an amount at least sufficient to:

(1)provide for the maintenance and operation expenses of the property or facility;

(2)pay the principal of and interest on the bonds as required by the ordinance authorizing the bonds; and

(3)provide any reserve fund required by the ordinance authorizing the bonds.

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Sec. 1503.107. CHARGES FOR SERVICES; RESERVES. If the governing body of a municipality pledges the revenue of a property or facility of an airport to the payment of bonds issued under this subchapter, the governing body shall impose and collect a charge for services rendered in connection with the use of the property or facility in an amount at least sufficient to:
(1) provide for the maintenance and operation expenses of the property or facility;
(2) pay the principal of and interest on the bonds as required by the ordinance authorizing the bonds; and
(3) provide any reserve fund required by the ordinance authorizing the bonds.