Texas Education Code - Section 45.034. Pledge Of Revenues
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§ 45.034. PLEDGE OF REVENUES. The board, city council or
commission, or commissioners court may pledge all or any part of any
of its revenues from the facilities to the payment of any bonds
issued under this subchapter, including the payment of principal,
interest, and any other amounts required or permitted in connection
with the bonds. If revenues from the facilities are pledged to the
payment of bonds, the rentals, rates and charges for the occupancy
or use of the facilities must be fixed and collected in amounts at
least sufficient to provide for all payments of principal,
interest, and any other amounts required in connection with the
bonds, and, to the extent required by the resolution or order
authorizing the issuance of the bonds, to provide for the payment of
operation, maintenance, and other expenses.
Added by Acts 1995, 74th Leg., ch. 260, § 1, eff. May 30, 1995.
Section: 45.0031 45.004 45.005 45.006 45.031 45.032 45.033 45.034 45.035 45.036 45.051 45.052 45.053 45.054 45.055
Last modified: August 10, 2007
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