Texas § 351.155 PLEDGE OR COMMITMENT OF CERTAIN TAX REVENUE FOR OBLIGATIONS FOR QUALIFIED PROJECT.

Texas Statutes

§ 351.155 — PLEDGE OR COMMITMENT OF CERTAIN TAX REVENUE FOR OBLIGATIONS FOR QUALIFIED PROJECT.

Texas § 351.155

Code TXTax Code

This text of Texas § 351.155 (PLEDGE OR COMMITMENT OF CERTAIN TAX REVENUE FOR OBLIGATIONS FOR QUALIFIED PROJECT.) 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. Tax Code Code Ann. § 351.155 (2026).

Text

Sec. 351.155. PLEDGE OR COMMITMENT OF CERTAIN TAX REVENUE FOR OBLIGATIONS FOR QUALIFIED PROJECT.

(a)In addition to the authority of a municipality to issue debt under Chapter 1504 , Government Code, a municipality may pledge or commit the revenue derived from the tax imposed under this chapter from a qualified hotel and the revenue to which the municipality is entitled under Section 351.156 and, if applicable, Section 351.157 for the payment of:

(1)bonds or other obligations issued for a qualified project; and

(2)contractual obligations related to the project, including obligations under:

(A)a contract authorized by Chapter 380 , Local Government Code, for the project; and

(B)an interlocal agreement directly related to the project.

(b)A municipality may pledge or commit revenue for t

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Sec. 351.155. PLEDGE OR COMMITMENT OF CERTAIN TAX REVENUE FOR OBLIGATIONS FOR QUALIFIED PROJECT. (a) In addition to the authority of a municipality to issue debt under Chapter 1504 , Government Code, a municipality may pledge or commit the revenue derived from the tax imposed under this chapter from a qualified hotel and the revenue to which the municipality is entitled under Section 351.156 and, if applicable, Section 351.157 for the payment of:
(1) bonds or other obligations issued for a qualified project; and
(2) contractual obligations related to the project, including obligations under:
(A) a contract authorized by Chapter 380 , Local Government Code, for the project; and
(B) an interlocal agreement directly related to the project.
(b) A municipality may pledge or commit revenue for the payment of bonds, other obligations, or contractual obligations under Subsection (a) only if the qualified hotel that is a component of the qualified project for which that revenue is pledged or committed benefits from the pledging or committing of that revenue.
(c) A municipality may pledge or commit revenue under this section for only one qualified project. After a municipality pledges or commits revenue under this section for a qualified project, the municipality may not ever again pledge or commit revenue for a qualified project.
(c-1) This subsection applies only to a municipality described by Section 351.152 (12) that has a population of 130,000 or more. Notwithstanding Subsection (c), a municipality to which this subsection applies may pledge or commit revenue under this section for only two qualified projects.
(d) Subsection (c) does not apply to a municipality with a population of 175,000 or more.
(e) A municipality is not entitled to receive revenue under Section 351.156 or 351.157 unless the municipality has pledged or committed a portion of the revenue derived from the tax imposed under this chapter and collected by the qualified hotel for the payment of bonds, other obligations, or contractual obligations described by Subsection (a) and issued or incurred for the qualified project.

Legislative History

Added by Acts 2019, 86th Leg., R.S., Ch. 952 (H.B. 4347 ), Sec. 8, eff. September 1, 2019. Amended by: Acts 2025, 89th Leg., R.S., Ch. 302 (S.B. 529 ), Sec. 1, eff. May 30, 2025.