Texas Statutes
§ 1503.154 — GRANT OF FRANCHISE.
Texas § 1503.154
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 1503.154 (GRANT OF FRANCHISE.) 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. § 1503.154 (2026).
Text
Sec. 1503.154. GRANT OF FRANCHISE. As additional security for the encumbrance, a municipality that encumbers an airport under Section 1503.153 may provide in the encumbrance for a grant, to the purchaser under sale or foreclosure, of a franchise to operate the airport and the improvements situated on the airport for a term not to exceed 30 years from the date of the purchase, subject to all laws regulating same then in force.
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Legislative History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.023, eff. Sept. 1, 2001.
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 § 1503.154, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/1503.154.