Texas Government Code Title 9, Chapter 1505 - Obligations For Coastal Municipalities For Coastal Matters
SUBCHAPTER A BONDS FOR HARBOR IMPROVEMENTS IN MUNICIPALITIES BORDERING GULF OF MEXICO
- Texas Section 1505.001 - Applicability Of Subchapter
This subchapter applies only to a municipality that borders the Gulf of Mexico. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept....
- Texas Section 1505.002 - Authority To Issue Bonds For Harbor Improvements
A municipality may issue bonds necessary to improve or aid the improvement of a harbor of the municipality or a bar at the entrance of...
- Texas Section 1505.003 - Amount Of Bonds
A municipality may issue bonds under this subchapter in an amount: (1) the municipality considers necessary; and (2) that does not exceed a limit on...
SUBCHAPTER B BONDS FOR NAVIGATIONAL FACILITIES IN CERTAIN COASTAL MUNICIPALITIES
- Texas Section 1505.004 - Surplus Bonds
A municipality may sell any available bonds not needed for the purpose for which the bonds were issued to improve or aid the improvement of...
- Texas Section 1505.051 - Applicability Of Subchapter
This subchapter applies only to a municipality that: (1) is located in a navigation district organized under the general laws of this state; and (2)...
- Texas Section 1505.052 - Definition
In this subchapter, "project" means: (1) a facility purchased, constructed, improved, enlarged, or repaired by a municipality as described by Section 1505.053; and (2) land...
- Texas Section 1505.053 - Authority For Navigational Facilities
A municipality may: (1) own, purchase, construct, operate, improve, enlarge, repair, or maintain a bridge over or across any stream, inlet, or arm of the...
- Texas Section 1505.054 - Authority To Issue Bonds
A municipality may borrow money and by ordinance may issue bonds for a purpose described by Section 1505.053. Added by Acts 1999, 76th Leg., ch....
- Texas Section 1505.055 - Authority To Borrow From United States
(a) To construct and maintain a project, a municipality may borrow money from the United States or an agency of the United States created for...
- Texas Section 1505.056 - Payment Of Bonds
The principal of and interest on bonds issued under this subchapter are payable solely from revenue, including rents and other charges received from any reclaimed...
- Texas Section 1505.057 - Encumbrance As Additional Security
(a) As additional security for the payment of the principal of and interest on bonds issued under this subchapter, a municipality may encumber any part...
- Texas Section 1505.058 - Additional Security For Project Related To Acquisition Or Construction Of Bridge
As additional security, a municipality that acquires or constructs a bridge using bonds issued under this subchapter may pledge revenue from any project carried out...
- Texas Section 1505.059 - Bonds Not Payable From Taxes
(a) A bond issued under this subchapter: (1) is not a debt of the municipality within the meaning of any state constitutional or statutory limitation;...
- Texas Section 1505.060 - Estimate Of Project Cost; Notice Of Intention To Approve Project And Issue Bonds
(a) Before approving a project under this subchapter, the governing body of the municipality shall: (1) obtain an estimate of the cost of the project;...
- Texas Section 1505.061 - Election
(a) If, before the time set for action on the ordinance authorizing the proposed project and the issuance of the bonds, a petition is filed...
- Texas Section 1505.062 - Contents Of Ordinance Authorizing Issuance Of Bonds
(a) An ordinance authorizing the issuance of bonds for a project under this subchapter must: (1) briefly describe the proposed project; (2) state the estimated...
- Texas Section 1505.063 - Maturity
A bond issued under this subchapter must mature not later than 45 years after its date. Added by Acts 1999, 76th Leg., ch. 227, Sec....
- Texas Section 1505.064 - Medium Of Payment
A bond or coupon issued under this subchapter after October 27, 1977, may be made payable in: (1) United States currency; or (2) gold coin...
- Texas Section 1505.065 - Additional Bonds
(a) As provided in the ordinance authorizing the issuance of bonds under this subchapter, the municipality may issue and negotiate additional bonds as necessary. (b)...
- Texas Section 1505.066 - Sale Of Bonds
(a) A municipality shall sell bonds issued under this subchapter in the manner and under the terms that the governing body of the municipality considers...
- Texas Section 1505.067 - Deposit Of Bond Proceeds
The governing body of a municipality that issues bonds under this subchapter shall: (1) if practicable, require that: (A) the bond proceeds be deposited in...
- Texas Section 1505.068 - Operating Expenses As First Lien
The reasonable costs of administering and operating and the reasonable expense of maintaining the project are a first lien against the revenue and income from...
- Texas Section 1505.069 - Sale Or Lease Of Reclaimed Or Reconstructed Land
A municipality that reclaims or reconstructs submerged land under this subchapter may: (1) sell, lease, or grant a franchise for the use of the land;...
- Texas Section 1505.070 - Charges
(a) The governing body of a municipality shall set and at all times maintain charges for services and facilities of the project, and for the...
- Texas Section 1505.071 - Deposits To Bond And Interest Redemption Fund
(a) The municipality shall, monthly or more frequently if necessary, deposit to the credit of the bond and interest redemption fund an amount of money...
- Texas Section 1505.072 - Disposition Of Certain Surplus Money
The governing body of the municipality may provide for the disposition of surplus money in the operation and maintenance account or a depreciation account by...
- Texas Section 1505.073 - Separate Records
(a) A municipality that issues bonds under this subchapter shall establish and maintain proper records into which full and correct entries shall be made of...
- Texas Section 1505.074 - Required Payment For Services Rendered To Municipality
(a) A municipality shall be charged the reasonable cost or value of a service rendered to the municipality by a project. (b) The municipality shall...
- Texas Section 1505.075 - Authority To Regulate Operation Of Bridges And Traffic On Bridges
Except as provided by Section 1505.076, a municipality may adopt reasonable and necessary ordinances to regulate: (1) the operation of a bridge that is constructed,...
- Texas Section 1505.076 - Commissioners Of Navigation District
(a) A municipality may not construct, maintain, or operate a bridge over or across an entrance channel to a deepwater port operated by a navigation...
- Texas Section 1505.077 - Authority For County Appropriations
A county in which is located a municipality to which this chapter applies may: (1) appropriate any available revenue of the county to the municipality...
- Texas Section 1505.078 - Authority For Texas Department Of Transportation Expenditures
The Texas Department of Transportation, with the approval of the governor, may apply any of the available revenue of the department to aid in: (1)...
- Texas Section 1505.079 - Certain County And Municipal Expenditures Not Prohibited
This subchapter does not prohibit a county or municipality from appropriating or using any available income and revenue of the county or municipality derived from...
- Texas Section 1505.080 - Unexpended Balance
(a) Any proceeds of the sale of bonds issued under this subchapter that are unspent after completion of the project for which the bonds were...
SUBCHAPTER C OBLIGATIONS FOR TOLL BRIDGES AND OTHER FACILITIES IN CERTAIN COASTAL MUNICIPALITIES
- Texas Section 1505.081 - Exemption From Taxation
(a) A bond or interest coupon issued under this subchapter is exempt from taxation under any law of this state. (b) In addition to the...
- Texas Section 1505.101 - Applicability Of Subchapter
This subchapter applies only to a municipality that: (1) is located in a navigation district organized under the general laws of this state; and (2)...
- Texas Section 1505.102 - Definitions
In this subchapter: (1) "Bridge or tunnel" means a bridge over, or a tube, underpass, or tunnel under, any stream, inlet, or arm of the...
- Texas Section 1505.103 - Authority To Issue Obligations For Certain Facilities
A municipality may issue revenue obligations to: (1) construct, maintain, or operate a toll bridge or tunnel; (2) construct, maintain, operate, or extend a sewage...
- Texas Section 1505.104 - Authority To Borrow Money
(a) In the amount and under the terms that are agreed to by the municipality and the lender, a municipality may borrow money for a...
- Texas Section 1505.105 - Security For Payment Of Obligations
(a) An obligation issued under this subchapter, and interest on the obligation, must be paid by an appropriation or pledge of all revenue derived from:...
- Texas Section 1505.106 - 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 against the revenue, property,...
- Texas Section 1505.107 - Election
(a) A municipality may not issue an obligation under this subchapter unless the issuance is authorized by a majority vote of the qualified voters voting...
- Texas Section 1505.108 - Maturity
An obligation issued under this subchapter must mature not later than 30 years after its date. Added by Acts 1999, 76th Leg., ch. 227, Sec....
- Texas Section 1505.109 - Accounts Required To Be Created By Ordinance
An ordinance authorizing the issuance of obligations under this subchapter must provide for: (1) an operation and maintenance account; and (2) an interest and sinking...
- Texas Section 1505.110 - Operating Expenses As First Lien
(a) The reasonable costs of administering and operating and the reasonable expense of maintaining the project are a first lien against the revenue and income...
- Texas Section 1505.111 - Execution Of Indenture Or Deed Of Trust
(a) Before an obligation issued under this subchapter is offered for sale, the mayor and the municipal treasurer or finance commissioner, if authorized by an...
- Texas Section 1505.112 - Authority To Remove Or Demolish Bridge Or Tunnel
The governing body of a municipality may remove or demolish any structure owned and operated by the municipality, including a bridge or tunnel, if the...
- Texas Section 1505.113 - Conversion Of Bridge Or Tunnel To Toll Bridge Or Tunnel
(a) The governing body of a municipality by ordinance may convert a bridge or tunnel to a toll bridge or tunnel if: (1) the bridge...
- Texas Section 1505.114 - Eminent Domain
(a) A municipality may exercise the power of eminent domain to acquire the fee simple title to, an easement in, or a right-of-way over or...
SUBCHAPTER D OBLIGATIONS FOR FISH MARKETS BY CERTAIN COASTAL MUNICIPALITIES
- Texas Section 1505.115 - Commissioners Of Navigation District
(a) A municipality may not construct, maintain, or operate a toll bridge or tunnel over, across, or under an entrance channel to a deepwater port...
- Texas Section 1505.151 - Applicability Of Subchapter
This subchapter applies only to a municipality: (1) that has a population of more than 1,000; (2) that is located within five miles of the...
- Texas Section 1505.152 - Authority To Acquire Or Construct Fish Market
(a) A municipality may: (1) acquire or construct a municipal fish market to encourage, develop, and standardize the fishing and shrimping industry; and (2) acquire...
- Texas Section 1505.153 - Authority To Issue Obligations
A municipality may issue bonds or revenue notes to acquire or construct a municipal fish market. Added by Acts 1999, 76th Leg., ch. 227, Sec....
- Texas Section 1505.154 - Authority To Accept Loans And Grants From United States
(a) A municipality may accept a loan or a grant from the United States to acquire or construct a municipal fish market, including the necessary...
- Texas Section 1505.155 - Security For Payment Of Obligations
(a) A municipality may secure the payment of an obligation issued under this subchapter by: (1) mortgaging the physical property acquired or constructed or to...
- Texas Section 1505.156 - 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 against the revenue or...
- Texas Section 1505.157 - Maturity
An obligation 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 1505.158 - Operating Expenses As First Lien
The expenses of operating and maintaining a fish market acquired or constructed under this subchapter, including all salaries, labor, materials, and repairs necessary to permit...
- Texas Section 1505.159 - Use Of Revenue
Except as provided by Section 1505.160, a municipality may only use the gross revenue of a fish market acquired or constructed under this subchapter: (1)...
- Texas Section 1505.160 - Subordinate Obligations
(a) If the governing body of a municipality considers it necessary to extend or enlarge the fish market, the governing body may: (1) issue subordinate...
SUBCHAPTER E BONDS FOR HARBOR IMPROVEMENTS AND FACILITIES IN COASTAL MUNICIPALITIES WITH POPULATION OF LESS THAN 12,000
- Texas Section 1505.161 - Lease And Sale Of Facilities
Subject to any prior covenant or agreement relating to an outstanding revenue bond issued to acquire or construct a fish market under this subchapter, the...
- Texas Section 1505.201 - Applicability Of Subchapter
This subchapter applies only to a municipality that: (1) has a population of less than 12,000; and (2) is located on the Gulf of Mexico...
- Texas Section 1505.202 - Definitions
In this subchapter: (1) "Bond authorization" means an ordinance or resolution authorizing the issuance of bonds. (2) "Harbor improvement or facility" means a harbor, port,...
- Texas Section 1505.203 - Authority To Issue Revenue Bonds
(a) A municipality may issue revenue bonds to construct, acquire, lease, improve, enlarge, extend, repair, maintain, replace, develop, operate, regulate, or encumber a harbor or...
- Texas Section 1505.204 - Authority To Accept Loans And Grants
For a purpose described by Section 1505.203, a municipality may accept a loan or grant from any source, including: (1) the United States, a state,...
- Texas Section 1505.205 - Location Of Harbor Improvement Or Facility
A harbor improvement or facility financed by bonds or a loan or grant authorized under this subchapter must be located inside municipal boundaries. Added by...
- Texas Section 1505.206 - Pledge Of Revenue
(a) In this section, "net revenue" means the gross revenue derived from a harbor improvement or facility less the amount necessary to pay the cost...
- Texas Section 1505.207 - Grant Of Franchise
As additional security for the encumbrance, a municipality that encumbers a harbor improvement or facility under Section 1505.203 may provide in the encumbrance for a...
- Texas Section 1505.208 - Bonds Not Payable From Taxes
(a) A bond issued under this subchapter: (1) is not a debt of the municipality; and (2) may be a charge only against the property,...
- Texas Section 1505.209 - Election
(a) A municipality may not issue bonds under this subchapter unless the issuance is authorized by a majority of the qualified voters voting at an...
- Texas Section 1505.210 - Additional Bonds
The bond authorization may reserve the right to issue additional bonds on a parity with, or subordinate to, the bond being issued, subject to the...
- Texas Section 1505.211 - Transfer Of Pledged Revenue
(a) A municipality may, in the bond authorization, transfer pledged revenue from the harbor improvement or facility to the general fund of the municipality. (b)...
- Texas Section 1505.212 - Rates
The governing body of the municipality shall set the rates for municipal charges, rents, and leases and for services rendered by the municipality in connection...
- Texas Section 1505.213 - Appointment Of Receiver
(a) On default or threatened default in the payment of principal of or interest on an issue of bonds under this subchapter, a court may,...
- Texas Section 1505.214 - Exemption From Assessment Or Taxation
(a) A municipality is not required to pay any assessment on a harbor improvement or facility. (b) A bond issued under this subchapter, the transfer...
- Texas Section 1505.215 - Authority To Issue Refunding Bonds
A municipality by resolution may issue refunding bonds to refund outstanding bonds, and the interest on those bonds, issued by the municipality under this subchapter....
- Texas Section 1505.216 - Terms Of Issuance Of Refunding Bonds
(a) Refunding bonds may: (1) be issued under this subchapter to refund bonds of: (A) a single issue or two or more consecutive issues; or...
SUBCHAPTER F BONDS FOR HARBOR, WHARF, AND DOCK FACILITIES IN COASTAL MUNICIPALITIES WITH POPULATION OF 5,000 OR LESS
- Texas Section 1505.217 - Registration Of Refunding Bonds By Comptroller
(a) The comptroller shall register the refunding bonds on the surrender and cancellation of the bonds to be refunded. (b) In lieu of issuing bonds...
- Texas Section 1505.251 - Applicability Of Subchapter
This subchapter applies only to a general-law municipality that: (1) has a population of 5,000 or less; and (2) is located on the Gulf of...
- Texas Section 1505.252 - Authority For Harbor, Wharf, And Dock Facilities
A municipality may purchase, condemn, construct, own, maintain, improve, repair, operate, or lease: (1) a wharf, pier, pavilion, dock, harbor, or boat basin; and (2)...
- Texas Section 1505.253 - Authority To Issue Bonds
A municipality may: (1) issue bonds for a purpose described by Section 1505.252 and provide for the payment of the principal of and interest on...
- Texas Section 1505.254 - Election
(a) The governing body of a municipality may not issue bonds under this subchapter that are payable from ad valorem taxes unless authorized by a...
Last modified: September 28, 2016