Texas Government Code Title 9, Chapter 1508 - Obligations For Municipal Parks, Recreational Facilities, And Airports
SUBCHAPTER A OBLIGATIONS FOR PARKS, RECREATIONAL FACILITIES, AND AIRPORTS
- Texas Section 1508.001 - Authority For Parks, Recreational Facilities, And Airports
(a) A municipality may: (1) construct, purchase, or encumber: (A) a park, swimming pool, golf course, golf course clubhouse, or ballpark; (B) a fairground or...
- Texas Section 1508.002 - Authority To Issue Bonds, Notes, And Warrants
A municipality may issue bonds, notes, or warrants to provide the money to construct or purchase a facility or land described by Section 1508.001. Added...
- Texas Section 1508.003 - Pledge Of Income
A municipality may pledge the income from a facility or land described by Section 1508.001 to the payment of obligations issued under this subchapter. Added...
- Texas Section 1508.004 - Authority To Grant Franchise
As additional security for an obligation described by Section 1508.002, a municipality may, under the terms of the encumbrance, grant to the purchaser under sale...
- Texas Section 1508.005 - Obligations Not Debt Of Municipality
An obligation issued under this subchapter: (1) is not a debt of the municipality; (2) may be a charge only on the facility or land...
- Texas Section 1508.006 - Election
(a) Unless authorized at an election by a majority vote of the qualified voters of the municipality, a municipality may not: (1) encumber a facility...
- Texas Section 1508.007 - Records
The mayor of a municipality that has a facility or land described by Section 1508.001 shall establish and maintain a complete system of records that:...
- Texas Section 1508.008 - Annual Report
(a) Not later than February 1 of each year, the superintendent or manager of a facility or land described by Section 1508.001 shall file with...
- Texas Section 1508.009 - Offense
(a) A mayor commits an offense if the mayor fails to: (1) establish the system of records required by Section 1508.007 before the 91st day...
SUBCHAPTER B REVENUE BONDS FOR SWIMMING POOLS
- Texas Section 1508.010 - Civil Enforcement
A taxpayer who resides in the municipality or a holder of an obligation issued under this subchapter and secured by the encumbered revenue from a...
- Texas Section 1508.051 - Authority For Swimming Pools
A municipality may: (1) purchase, construct, improve, enlarge, or repair a municipal swimming pool; or (2) encumber: (A) a municipal swimming pool or anything acquired...
- Texas Section 1508.052 - Authority To Issue Revenue Bonds
A municipality may issue revenue bonds to purchase, construct, improve, enlarge, or repair a municipal swimming pool. Added by Acts 1999, 76th Leg., ch. 227,...
- Texas Section 1508.053 - Issuance Of Bonds
Except as provided by this subchapter, a municipality shall issue bonds for a purpose described by Section 1508.052, including additional bonds and refunding bonds, in...
- Texas Section 1508.054 - Bonds Not Debt Of Municipality
A bond issued under this subchapter: (1) is not a debt of the municipality; (2) may be a charge only on the property or income...
SUBCHAPTER C OBLIGATIONS FOR HEALTH AND RECREATIONAL FACILITIES IN MUNICIPALITIES WITH POPULATION OF 5,000 OR MORE
- Texas Section 1508.055 - Effect On Other Law
This subchapter does not affect any other law relating to the issuance of revenue bonds by a municipality, including Subchapter B, Chapter 1502. Added by...
- Texas Section 1508.101 - Applicability Of Subchapter
This subchapter applies only to a municipality with a population of 5,000 or more. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff....
- Texas Section 1508.102 - Authority For Certain Health Or Recreational Facilities
(a) A municipality may acquire, encumber, construct, maintain, operate, repair, or remodel: (1) a health and recreational facility, park, playground, hotel, bathhouse, or swimming pool...
- Texas Section 1508.103 - Authority To Issue Bonds, Notes, And Warrants
A municipality may issue bonds, notes, or warrants to provide money for an acquisition or an activity authorized by Section 1508.102. Added by Acts 1999,...
- Texas Section 1508.104 - Pledge Of Income
A municipality may pledge the income from a project described by Section 1508.102 to the payment of an obligation issued under this subchapter. Added by...
- Texas Section 1508.105 - Mortgage
A municipality may secure the payment of funds for a purchase under this subchapter with an instrument of pledge or mortgage as desired by the...
- Texas Section 1508.106 - Obligation 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 and...
- Texas Section 1508.107 - Application Of Other Law
The provisions of Chapter 252, Local Government Code, regarding notice, competitive bids, and the right to referendum do not apply to a municipality issuing revenue...
- Texas Section 1508.108 - Operating Expenses As First Lien
If the income from a project described by Section 1508.102 is encumbered under this subchapter, each expense of operation and maintenance of the project, including...
- Texas Section 1508.109 - Rents And Concession Charges
(a) The governing body that manages and controls a project under Section 1508.111 shall impose and collect rents and concession charges for the use of...
- Texas Section 1508.110 - Use Of Income For Other Purpose Prohibited
A municipality may not use the income from a project described by Section 1508.102 to pay another debt, expense, or obligation of the municipality until...
- Texas Section 1508.111 - Management And Control
(a) The contract under which a project authorized by Section 1508.102 is encumbered must provide for the placement of the management and control of the...
- Texas Section 1508.112 - Appointment Of Trustee; Attorney's Fees
A contract under which a project is encumbered under this subchapter may provide for: (1) the selection of a trustee to sell the project on:...
SUBCHAPTER D BONDS FOR PARKS AND RECREATIONAL FACILITIES IN MUNICIPALITIES WITH POPULATION OF 1.9 MILLION OR MORE
- Texas Section 1508.113 - 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 1508.151 - Applicability Of Subchapter
This subchapter applies only to a municipality with a population of 1.9 million or more. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1,...
- Texas Section 1508.152 - Authority For Park Facilities
(a) A municipality may acquire by any means or construct, improve, or equip property for park purposes, including establishing, acquiring, leasing or contracting for as...
- Texas Section 1508.153 - Authority To Issue Revenue Bonds
The governing body of a municipality by ordinance may issue revenue bonds for a purpose authorized by Section 1508.152. Added by Acts 1999, 76th Leg.,...
- Texas Section 1508.154 - Pledge Of Revenue
A municipality may pledge all or part of the revenue, income, or receipts from a facility described by Section 1508.152(a) to the payment of bonds,...
- Texas Section 1508.155 - Additional Security
(a) The bonds may be additionally secured by: (1) an encumbrance on any real property relating to a facility described by Section 1508.152(a) owned or...
- Texas Section 1508.156 - 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 1508.157 - Additional Bonds
The ordinance that authorizes the issuance of bonds under this subchapter may provide for the issuance of additional parity bonds or subordinate lien bonds under...
- Texas Section 1508.158 - Sale Of Bonds
A municipality may sell bonds issued under this subchapter in the manner and under the terms provided in the ordinance authorizing the issuance of the...
- Texas Section 1508.159 - Review And Approval Of Contracts By Attorney General
(a) If the bonds state that they are secured by a pledge of revenue or rents from a contract, including a lease contract, a copy...
- Texas Section 1508.160 - Charges
(a) The governing body of a municipality may impose and collect charges for the use of a facility described by Section 1508.152(a). (b) A municipality...
- Texas Section 1508.161 - Use Of Ad Valorem Taxes
(a) In addition to or instead of a pledge of revenue, a municipality may impose and pledge to the payment of any portion of the...
- Texas Section 1508.162 - Refunding Bonds
(a) A municipality may refund or otherwise refinance bonds issued under this subchapter by issuing refunding bonds under any terms provided by the ordinance authorizing...
- Texas Section 1508.163 - Public Purpose
Each purpose authorized by Section 1508.152 is a public purpose and a proper municipal function. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1,...
SUBCHAPTER E CERTIFICATES OF INDEBTEDNESS FOR SEA LIFE PARK AND OCEANARIUM
- Texas Section 1508.164 - Conflict Or Inconsistency With Other Law
When bonds are issued under this subchapter, to the extent of any conflict or inconsistency between this subchapter and another law or a charter provision...
- Texas Section 1508.201 - Applicability Of Subchapter
This subchapter applies only to a municipality that owns a sea life park and oceanarium for which any portion of the costs of construction, equipment,...
- Texas Section 1508.202 - Authority To Issue Certificates Of Indebtedness
(a) The governing body of a municipality by ordinance may issue certificates of indebtedness to obtain money to: (1) operate, maintain, repair, develop, or expand...
- Texas Section 1508.203 - Security For Certificates
(a) Certificates of indebtedness issued under this subchapter may be secured by and made payable from: (1) taxes; (2) revenue; or (3) both taxes and...
- Texas Section 1508.204 - Sale Or Delivery Of Certificates
The ordinance authorizing the issuance of certificates of indebtedness under this subchapter may include provisions for any manner of: (1) sale of the certificates; (2)...
- Texas Section 1508.205 - Authority To Enter Into Agreement Regarding Public Facilities
(a) The governing body of a municipality may enter into an agreement relating to the operation, maintenance, development, expansion, equipment, or supplying of a public...
- Texas Section 1508.206 - Acquisition Of Public Facility From Operator
(a) A municipality may acquire any portion of a public facility described by Section 1508.202, or an asset or right related to the facility, including...
- Texas Section 1508.207 - Discontinuation Of Sea Life Park And Oceanarium; Sale Or Lease Of Surplus Property
(a) The governing body of a municipality by ordinance may abandon the use of property for a sea life park and oceanarium and sell or...
- Texas Section 1508.208 - Conflict Or Inconsistency With Other Law
When any certificates of indebtedness are being issued or any act or contract is undertaken under this subchapter, to the extent of any conflict or...
Last modified: September 28, 2016