Sec. 1473.054. RENT. For each part of a building described by Section 1473.052(a) that is not used for a public purpose, the county shall charge and collect rent in an amount sufficient to:
(1) pay all operating, maintenance, depreciation, replacement, improvement, and interest charges and expenses for the building; and
(2) create an interest and sinking fund sufficient to pay any securities issued under this subchapter.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Section: Previous 1473.021 1473.022 1473.023 1473.024 1473.051 1473.052 1473.053 1473.054 1473.055 1473.056 1473.101 1473.102 1473.131 1473.132 1473.133 NextLast modified: September 28, 2016