Texas Government Code Title 9, Chapter 1501 - Obligations For Municipal Utilities
SUBCHAPTER A REVENUE BONDS FOR CERTAIN SEWAGE DISPOSAL FACILITIES
- Texas Section 1501.001 - Applicability Of Subchapter
This subchapter applies only to a municipality that owns a sewer system and disposal plant that serves: (1) other municipalities; and (2) territory and military...
- Texas Section 1501.002 - Authority To Issue Bonds
A municipality by ordinance may issue bonds to finance the purchase or construction of an additional sewage disposal facility. Added by Acts 1999, 76th Leg.,...
- Texas Section 1501.003 - Pledge Of Revenue
(a) A municipality may secure bonds issued under this subchapter by a pledge of the net revenue from sewer service provided outside the municipal boundaries....
- Texas Section 1501.004 - Authority To Issue Additional Bonds
In issuing bonds under this subchapter, the municipality may reserve the right to issue additional bonds to the extent and subject to any condition included...
- Texas Section 1501.005 - Contracts
A municipality may contract with another municipality, a person or corporation, or the United States to provide sewer service. Added by Acts 1999, 76th Leg.,...
- Texas Section 1501.006 - Rates For Service
(a) The governing body of a municipality that issues bonds under this subchapter shall establish rates for sewer service in amounts sufficient to: (1) pay:...
SUBCHAPTER B APPLICATION OF UTILITY SYSTEM REVENUE TO BONDED DEBT ON SYSTEM
- Texas Section 1501.007 - Other Law Applicable; Election Not Required
(a) Subtitles A and C and Subchapter B, Chapter 1502, apply to the issuance of bonds under this subchapter except as provided by this subchapter....
- Texas Section 1501.051 - Authority To Use Utility Revenue For Sinking Fund Or Interest Payments
(a) The governing body of a municipality may appropriate the net revenue from any municipal public utility system, service, or enterprise, in the amount that...
SUBCHAPTER C REVENUE BONDS TO FINANCE CERTAIN TEXAS-NEW MEXICO ELECTRIC PROPERTIES
- Texas Section 1501.052 - Effect On Taxes
(a) If in any fiscal year the amount of revenue appropriated under Section 1501.051 is at least equal to the amount needed for the sinking...
- Texas Section 1501.101 - Authority To Acquire And Operate Texas-new Mexico Electric Plant And System
A municipality that receives electricity from a privately owned electric plant and system, part of which is located in New Mexico, including a facility for...
- Texas Section 1501.102 - Authority To Issue Revenue Bonds
A municipality may issue revenue bonds in the manner provided by general law to finance the acquisition of any part of the electric plant and...
SUBCHAPTER D CERTIFICATES OF INDEBTEDNESS TO FINANCE JUDGMENTS OR SETTLEMENTS RELATED TO MUNICIPAL NATURAL GAS SYSTEM
- Texas Section 1501.103 - Authority To Sell Electricity Of Plant And System
A municipality that acquires an electric plant and system under Section 1501.101 may: (1) sell electricity either at retail or wholesale for distribution in New...
- Texas Section 1501.151 - Authority To Issue Certificates Of Indebtedness
The governing body of a general-law municipality may authorize the issuance of certificates of indebtedness to pay: (1) a final judgment of a court in...
- Texas Section 1501.152 - Notice Of Intention To Issue Certificates Of Indebtedness
(a) The governing body of the municipality may not authorize the issuance of certificates of indebtedness under this subchapter until the municipality gives notice of...
- Texas Section 1501.153 - Petition; Election
(a) If, before the certificates of indebtedness are authorized, a petition is filed with the secretary or clerk of the municipality protesting the issuance of...
- Texas Section 1501.154 - Maturity
A certificate of indebtedness issued under this subchapter must mature not later than 20 years after its date. Added by Acts 1999, 76th Leg., ch....
- Texas Section 1501.155 - Signatures; Seal
A certificate of indebtedness issued under this subchapter must: (1) be signed by the mayor and the secretary or clerk of the municipality; and (2)...
- Texas Section 1501.156 - Sale Of Certificates
(a) A municipality may sell certificates of indebtedness issued under this subchapter: (1) at a public or private sale; (2) on terms the governing body...
- Texas Section 1501.157 - Use Of Proceeds
A municipality shall use the proceeds from the sale of certificates of indebtedness issued under this subchapter for a purpose authorized by this subchapter. Added...
SUBCHAPTER E BONDS FOR IMPROVEMENT OF WATER AND SEWER SYSTEMS IN MUNICIPALITIES WITH POPULATION OF MORE THAN 275,000
- Texas Section 1501.158 - Imposition Of Ad Valorem Tax
The governing body of the municipality shall impose an annual ad valorem tax sufficient to pay when due the principal of and interest on each...
- Texas Section 1501.201 - Applicability Of Subchapter
This subchapter applies only to: (1) a municipality that has: (A) a population of more than 275,000; and (B) a municipal water and sewer system...
- Texas Section 1501.202 - Definitions
In this subchapter: (1) "District property" means water or sewer property owned by a water control and improvement district that a municipality can use as,...
- Texas Section 1501.203 - Authority To Issue Bonds
A municipality may issue bonds to pay for the purchase of district property to improve or extend the municipal water and sewer system. Added by...
- Texas Section 1501.204 - Pledge Of Revenue
Bonds issued under this subchapter must be secured by a pledge of and be payable from the net revenue of the municipal water and sewer...
- Texas Section 1501.205 - Notice Of Intention To Issue Bonds
(a) A municipality may not issue bonds under this subchapter until the mayor of the municipality gives notice of the municipality's intention to issue the...
- Texas Section 1501.206 - Petition; Election
(a) If, before the date the governing body of the municipality proposes to adopt the ordinance authorizing the issuance of the bonds, a petition is...
- Texas Section 1501.207 - Sale Of District Property
A district may sell to a municipality, and the municipality may buy, district property only if the purchase price paid, when added to other applicable...
- Texas Section 1501.208 - Interest And Sinking Fund Of District
(a) The interest and sinking fund of a district must be permanently maintained in the bank where bonds of the district are payable. (b) A...
- Texas Section 1501.209 - Investment Of Money In Interest And Sinking Fund
(a) The district's interest and sinking fund must be: (1) immediately invested in direct obligations of the United States; (2) deposited in a bank or...
- Texas Section 1501.210 - Payment Of Outstanding Bonds
After money has been deposited with the bank where the outstanding district bonds are payable, the district or the municipality may pay off any outstanding...
- Texas Section 1501.211 - Ordinance Specifying Date Of Passage Of Title; Abolition Of District
(a) After a municipality pays the purchase money for district property and that money is invested in compliance with Section 1501.209, the governing body of...
- Texas Section 1501.212 - Operation And Management Of Properties
After the governing body of a municipality abolishes a district under Section 1501.211, the water board that manages the other water and sewer properties of...
SUBCHAPTER F ALTERNATIVE WATER SUPPLY FINANCING PROCEDURE FOR MUNICIPALITIES WITH POPULATION OF MORE THAN 275,000
- Texas Section 1501.213 - Segregation Of Properties
(a) Notwithstanding Section 1501.212(2), the payment or security of the district's outstanding bonds may not be impaired. (b) If money is not available at the...
- Texas Section 1501.251 - Applicability Of Subchapter
This subchapter applies only to a municipality: (1) that has a population of more than 275,000; (2) in which a majority of the qualified voters...
- Texas Section 1501.252 - Alternative Financing Procedure
(a) This subchapter does not affect the right of a municipality or a river authority to finance all of the cost of a water supply...
- Texas Section 1501.253 - Water Supply Project Ownership And Responsibilities
(a) The water supply project of the river authority may consist of: (1) a dam; (2) a reservoir; (3) related outlet facilities; and (4) land,...
- Texas Section 1501.254 - Ordinance Authorizing And Issuance Of Bonds
(a) When the designs, plans, and specifications of the water supply project of the river authority are complete to the extent that they have been...
- Texas Section 1501.255 - Notice Of Intention To Issue Bonds
(a) The governing body of the municipality may not adopt an ordinance authorizing the issuance of bonds under this subchapter until the governing body gives...
- Texas Section 1501.256 - Petition; Election
(a) If, before the governing body of the municipality is scheduled to adopt the ordinance authorizing the bonds, a petition is filed with the secretary...
- Texas Section 1501.257 - Maturity
Bonds issued under this subchapter must mature within 40 years, as provided by the ordinance authorizing the issuance of the bonds. Added by Acts 1999,...
- Texas Section 1501.258 - Signatures
A bond issued under this subchapter must be signed by: (1) the mayor; and (2) another designated officer of the municipality. Added by Acts 1999,...
- Texas Section 1501.259 - Sale Of Bonds
A municipality may sell bonds issued under this subchapter under terms the governing body of the municipality determines to be the most advantageous and reasonably...
- Texas Section 1501.260 - Interim Bonds
Pending the issuance of definitive bonds under this subchapter, the municipality may authorize the delivery of negotiable interim bonds exchangeable for definitive bonds. Added by...
- Texas Section 1501.261 - Rates, Tolls, And Charges
After bonds are issued under this subchapter, the governing body of the municipality shall establish the rates, tolls, and charges for service provided by the...
- Texas Section 1501.262 - Deposit And Use Of Bond Proceeds
(a) The governing body of the municipality: (1) shall provide for the deposit of money to the credit of the interest and sinking fund, the...
- Texas Section 1501.263 - Refunding Bonds
(a) A municipality may issue refunding bonds to refund outstanding bonds issued under this subchapter and interest on the outstanding bonds. The municipality may issue...
- Texas Section 1501.264 - Conflict With Other Law
To the extent of a conflict or inconsistency between this subchapter and another law or a special or home-rule charter, this subchapter controls. Added by...
Last modified: September 28, 2016