Texas Government Code Title 9, Chapter 1504 - Obligations For Municipal Buildings
SUBCHAPTER A REVENUE BONDS FOR CERTAIN FACILITIES
- Texas Section 1504.001 - Authority For Certain Facilities
(a) A municipality may establish, acquire, lease as lessee or lessor, construct, improve, enlarge, equip, repair, operate, or maintain a facility such as: (1) a...
- Texas Section 1504.002 - Authority To Issue Revenue Bonds
(a) The governing body of a municipality by ordinance may issue revenue bonds to provide all or part of the money to establish, acquire, construct,...
- Texas Section 1504.003 - Pledge Of Revenue
(a) Bonds issued under this subchapter must be secured by a pledge of and be payable from all or a designated part of the revenue...
- Texas Section 1504.004 - Lien On Facility
Subject to any limitation contained in any previous pledge, the governing body of the municipality may, in addition to pledging the revenue from a facility,...
- Texas Section 1504.005 - Bonds Not Payable From Taxes; Exception
(a) The owner or holder of a bond issued under this subchapter is not entitled to demand payment of the principal of or interest on...
- Texas Section 1504.006 - Contents Of Ordinance Authorizing Bonds
(a) The ordinance authorizing the issuance of bonds under this subchapter may provide for the flow of funds and the establishment and maintenance of an...
- Texas Section 1504.007 - Adoption And Execution Of Documents
The municipality may adopt and have executed any other proceeding or instrument necessary or convenient to the issuance of bonds under this subchapter. Added by...
- Texas Section 1504.008 - Maturity
A bond issued under this subchapter must mature not later than 40 years after its date. Added by Acts 1999, 76th Leg., ch. 227, Sec....
- Texas Section 1504.009 - Signatures
A bond issued under this subchapter must be signed by the mayor of the municipality and countersigned by the secretary or clerk of the municipality....
- Texas Section 1504.010 - Sale Of Bonds
A municipality may sell bonds issued under this subchapter under the terms the governing body of the municipality determines to be the most advantageous and...
- Texas Section 1504.011 - Investment Of Bond Proceeds And Funds
(a) The bond proceeds, until they are needed to implement the purpose for which the bonds were issued, may be invested in direct obligations of...
- Texas Section 1504.012 - Term Of Certain Leases
In a municipality with a population of one million or more, a lease entered into under Section 1504.001 may have a term not to exceed...
- Texas Section 1504.013 - Charges For Services
The governing body of the municipality shall impose and collect charges for the use of a facility the revenue of which is pledged to secure...
- Texas Section 1504.014 - Refunding Bonds
(a) A municipality by ordinance may issue revenue refunding bonds similarly secured to refund either original bonds or revenue refunding bonds previously issued by the...
SUBCHAPTER C OBLIGATIONS FOR AUDITORIUMS AND EXHIBITION FACILITIES IN MUNICIPALITIES WITH POPULATION OF MORE THAN 125,000
- Texas Section 1504.015 - Conflict Or Inconsistency With Municipal Charter
To the extent of a conflict or inconsistency between this subchapter and a municipal charter, this subchapter controls. Added by Acts 1999, 76th Leg., ch....
- Texas Section 1504.101 - Applicability Of Subchapter
This subchapter applies only to a municipality with a population of more than 125,000. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff....
- Texas Section 1504.102 - Authority For Auditoriums And Exhibition Facilities
A municipality may: (1) construct, purchase, or encumber a municipal auditorium, exhibition hall, coliseum, or other building or structure used for public gatherings; (2) encumber...
- Texas Section 1504.103 - Authority To Issue Bonds, Notes, And Warrants
A municipality may issue bonds, notes, or warrants to provide the money to purchase, construct, improve, enlarge, extend, repair, or equip a building or structure...
- Texas Section 1504.104 - Pledge Of Revenue
A municipality may pledge the revenue from a building or structure described by Section 1504.102 to the payment of an obligation issued under this subchapter....
- Texas Section 1504.105 - Obligations Not Payable From Taxes
(a) An obligation issued under this subchapter: (1) is not a debt of the municipality; (2) may be a charge only on the revenue pledged...
- Texas Section 1504.106 - Election
(a) Unless authorized by a majority vote of the qualified voters of the municipality, a municipality may not: (1) encumber a building or structure described...
- Texas Section 1504.107 - Operating Expenses As First Lien
(a) If the revenue from a building or structure described by Section 1504.102 is encumbered under this subchapter, each expense of operation and maintenance, including...
- Texas Section 1504.108 - Charges For Services
(a) A municipality shall impose and collect charges for the use of a building or structure described by Section 1504.102 and for services provided in...
- Texas Section 1504.109 - Use Of Revenue For Other Purposes Prohibited
A municipality may not use the revenue from a building or structure described by Section 1504.102 to pay any other debt, expense, or obligation of...
- Texas Section 1504.110 - Records
The chief executive officer of the municipality shall establish and maintain a complete system of records that: (1) shows each free use of and free...
- Texas Section 1504.111 - Annual Report
(a) Not later than February 1 of each year, the superintendent or manager of a building or structure described by Section 1504.102 shall file with...
- Texas Section 1504.112 - Offense
(a) A chief executive officer of a municipality commits an offense if the chief executive officer fails to: (1) establish the system of records required...
SUBCHAPTER E OBLIGATIONS FOR EXPOSITION AND CONVENTION HALLS IN MUNICIPALITIES WITH POPULATION OF 290,000 OR MORE
- Texas Section 1504.113 - Civil Enforcement
A person who resides in a municipality and is a taxpayer or holder of an obligation issued under this subchapter and secured by the encumbered...
- Texas Section 1504.201 - Applicability Of Subchapter
This subchapter applies only to a municipality with a population of 290,000 or more. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff....
- Texas Section 1504.202 - Authority For Exposition And Convention Halls
A municipality may purchase, construct, encumber, renovate, or repair an exposition or convention hall. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff....
- Texas Section 1504.203 - Authority To Issue Bonds, Notes, And Warrants
A municipality may issue bonds, notes, or warrants to evidence an obligation incurred to purchase, construct, renovate, or repair an exposition or convention hall. Added...
- Texas Section 1504.204 - Pledge Of Income
A municipality may pledge the income from an exposition or convention hall to the payment of an obligation issued under this subchapter. Added by Acts...
- Texas Section 1504.205 - Obligations Not Payable From Taxes
(a) An obligation issued under this subchapter: (1) is not a debt of the municipality; (2) may be a charge only on the property of...
- Texas Section 1504.206 - Operating Expenses As First Lien
If the income from an exposition or convention hall is encumbered under this subchapter, each expense of operation and maintenance, including all salaries, labor, materials,...
- Texas Section 1504.207 - Charges For Services
(a) A municipality shall impose and collect charges for the use of an encumbered exposition or convention hall in amounts determined by the governing body...
- Texas Section 1504.208 - Use Of Income For Other Purposes Prohibited
A municipality may not use the income from the exposition or convention hall to pay any other debt, expense, or obligation of the municipality until...
- Texas Section 1504.209 - Management And Control
(a) The contract under which an exposition or convention hall is encumbered must provide that the governing body of the municipality shall manage and control...
- Texas Section 1504.210 - Trustee
A contract under which an exposition or convention hall is encumbered may provide for: (1) the selection of a trustee to sell the hall on...
- Texas Section 1504.211 - Receiver
(a) The trustee may apply to a court for the appointment of a receiver if: (1) the contract under which the exposition or convention hall...
SUBCHAPTER F REVENUE BONDS FOR CULTURAL FACILITIES IN HOME-RULE MUNICIPALITIES WITH POPULATION OF 1.2 MILLION OR MORE
- Texas Section 1504.212 - Notice To Governing Body Before Foreclosure Or Other Action
(a) Unless written notice is given to the governing body of the municipality in accordance with this section that there is a default in payment...
- Texas Section 1504.251 - Applicability Of Subchapter
This subchapter applies only to a home-rule municipality with a population of 1.9 million or more. Added by Acts 1999, 76th Leg., ch. 227, Sec....
- Texas Section 1504.252 - Authority For Cultural And Parking Facilities
A municipality may acquire sites for and establish, acquire, lease as lessee or lessor, construct, improve, enlarge, equip, repair, operate, or maintain: (1) a cultural...
- Texas Section 1504.253 - Authority To Issue Revenue Bonds
The governing body of a municipality by ordinance may issue revenue bonds to provide all or part of the money to accomplish any purpose described...
- Texas Section 1504.254 - Pledge Of Revenue
(a) Bonds issued under this subchapter must be secured by a pledge of and be payable from all or a designated part of the revenue...
- Texas Section 1504.255 - Lien On Facility
Subject to any limitation contained in any previous pledge, the governing body of the municipality may, in addition to pledging the revenue from a cultural...
- Texas Section 1504.256 - Pledge Of Mixed Beverage Tax Receipts
(a) The governing body of a municipality by official action may pledge for the purposes provided by this subchapter a portion of the mixed beverage...
- Texas Section 1504.257 - Shortage Of Mixed Beverage Tax Receipts
If at the time of a remittance of mixed beverage tax receipts by the comptroller under Section 183.051, Tax Code, the amount collected by the...
- Texas Section 1504.258 - Additional Use Of Mixed Beverage Tax Receipts
A municipality may spend money derived from the portion of the mixed beverage tax receipts authorized to be pledged under Section 1504.256 for: (1) advertising...
- Texas Section 1504.259 - Bonds Not Payable From Taxes; Exception
(a) The owner or holder of a bond issued under this subchapter is not entitled to demand payment of the principal of or interest on...
- Texas Section 1504.260 - Contents Of Ordinance Authorizing Bonds
(a) The ordinance authorizing the issuance of bonds under this subchapter may provide for the flow of funds and the establishment and maintenance of an...
- Texas Section 1504.261 - Adoption And Execution Of Documents
The municipality may adopt and have executed any other proceeding or instrument necessary or convenient to the issuance of bonds under this subchapter. Added by...
- Texas Section 1504.262 - Signatures
A bond issued under this subchapter must be signed by the mayor of the municipality and countersigned by the secretary or clerk of the municipality....
- Texas Section 1504.263 - Sale Of Bonds
A municipality may sell bonds issued under this subchapter at public or private sale in the manner and on the terms provided by the ordinance...
- Texas Section 1504.264 - Interim Receipts
Pending the preparation of a definitive bond, a municipality may provide to the purchaser of a bond sold under this subchapter an interim receipt or...
- Texas Section 1504.265 - Use Of Bond Proceeds
From the proceeds of bonds issued under this subchapter, a municipality may appropriate or set aside amounts: (1) to pay interest and administrative and operating...
- Texas Section 1504.266 - Charges For Services
The governing body of the municipality shall impose and collect charges for the use of a cultural or parking facility the revenue of which is...
- Texas Section 1504.267 - Use Of Revenue
(a) A municipality shall use revenue derived from that portion of mixed beverage tax receipts authorized to be pledged under Section 1504.256 for the purposes...
- Texas Section 1504.268 - Conflict Or Inconsistency With Municipal Charter
To the extent of a conflict or inconsistency between this subchapter and a municipal charter, this subchapter controls. Added by Acts 1999, 76th Leg., ch....
Last modified: September 28, 2016