Texas Government Code § 1503.001 Authority To Issue Revenue Bonds

Sec. 1503.001. AUTHORITY TO ISSUE REVENUE BONDS. (a) A municipality by ordinance may issue revenue bonds to:

(1) establish, improve, enlarge, extend, or repair:

(A) an airport of the municipality; or

(B) a building, improvement, landing field, or other facility or service the municipality considers necessary, desirable, or convenient for the efficient operation and maintenance of an airport; or

(2) acquire land for an airport.

(b) The municipality shall issue the bonds in the manner provided by Subchapter C.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Section: 1503.001  1503.002  1503.003  1503.004  1503.005  1503.006  1503.007  1503.008  1503.009  1503.010  1503.011  1503.051  1503.052  1503.053  1503.054  Next

Last modified: September 28, 2016