Texas Statutes
§ 1506.003 — PLEDGE OF REVENUE.
Texas § 1506.003
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 1506.003 (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. § 1506.003 (2026).
Text
Sec. 1506.003. PLEDGE OF REVENUE.
(a)In this section, "net revenue" means gross revenue minus all operation and maintenance expenses.
(b)Bonds issued under this subchapter may be secured only by a pledge of and be payable from the net revenue from the building or other improvement for which the bonds are issued and the parking lot on which the building or improvement is located.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Nearby Sections
15
§ 1506.001
APPLICABILITY OF SUBCHAPTER.§ 1506.002
AUTHORITY TO ISSUE REVENUE BONDS.§ 1506.003
PLEDGE OF REVENUE.§ 1506.004
BONDS NOT PAYABLE FROM TAXES.§ 1506.005
ELECTION.§ 1506.006
MATURITY.§ 1506.007
SIGNATURES.§ 1506.008
EXEMPTION FROM TAXATION.§ 1506.010
FEES FOR SERVICES; RESERVES.§ 1506.011
ADDITIONAL BONDS.§ 1506.051
APPLICABILITY OF SUBCHAPTER.§ 1506.052
AUTHORITY FOR PARKING FACILITIES.§ 1506.054
ELECTION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1506.003, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/1506.003.