Texas Local Government Code Title 14, Chapter 601 - Municipal Authority Relating To Parking

SUBCHAPTER A GENERAL PROVISIONS

SUBCHAPTER B MUNICIPAL PARKING AUTHORITIES

• Texas Section 601.001 - Parking On Private Property
  A municipality by ordinance may regulate the parking of motor vehicles on private property and may enforce the ordinance in the same manner that it...
• Texas Section 601.021 - Definitions
  In this chapter: (1) "Authority" means a parking authority created under this subchapter. (2) "Board" means the governing body of an authority. (3) "Bond" means...
• Texas Section 601.022 - Creation Of Authority
  (a) The governing body of a municipality by ordinance may create an authority, which shall be called "City of (name of municipality) Parking Authority." (b)...
• Texas Section 601.023 - Protest Petition
  (a) A protest petition must object to the adoption of the ordinance creating an authority and request that the ordinance be submitted to the voters...
• Texas Section 601.024 - Composition Of Board
  (a) The powers of an authority are exercised by a board composed of five members who must be residents of the municipality. (b) The presiding...
• Texas Section 601.025 - Compensation And Liability
  (a) A board member may not receive compensation for services as a member but is entitled to payment for the necessary expenses incurred in the...
• Texas Section 601.026 - Powers Of Board
  (a) The board manages the property and business of the authority. (b) The board may adopt bylaws and rules governing the manner in which the...
• Texas Section 601.027 - Powers Of An Authority
  (a) An authority may: (1) construct, improve, maintain, repair, or operate a project; (2) conduct research necessary for efficient operation of a parking facility; (3)...
• Texas Section 601.028 - Charges For Use Of Facility
  (a) An authority may collect charges for the use of its facility at reasonable rates determined by the authority for the purpose of paying the...
• Texas Section 601.029 - Financing; Bonds
  (a) In addition to bonds provided for by this subchapter, an authority, subject to the specific authorization and approval of the municipality creating it, may...
• Texas Section 601.030 - Revenue Bonds
  (a) An authority by resolution may issue revenue bonds to finance a parking facility, the acquisition, construction, reconstruction, and repair of property related to the...
• Texas Section 601.031 - Resolution Authorizing Issuance Of Revenue Bonds
  (a) A resolution authorizing issuance of revenue bonds must pledge the revenues to be received from the parking facility for which the bonds are issued....
• Texas Section 601.032 - Deed Of Trust
  An authority may enter into a deed of trust as security for revenue bonds and may assign and pledge all or part of the revenues...
• Texas Section 601.033 - Pledged Contract
  (a) A contract between the municipality and an authority may be pledged by the authority to secure its bonds. A pledged contract may not be...
• Texas Section 601.034 - Rights And Remedies Of Bondholder
  (a) The rights and remedies of a bondholder under this section are in addition to any rights and remedies lawfully granted to the bondholder by...
• Texas Section 601.035 - Bonds Exempt From Taxation
  Revenue bonds issued under this subchapter, transfer of the bonds, income from the bonds, and a profit made on the sale of the bonds are...
• Texas Section 601.036 - Eligibility For Investment
  (a) A bond is a security in which a public officer or body of the state or a municipality or municipal subdivision, insurance company, bank,...
• Texas Section 601.037 - Money
  Money of an authority shall be paid to the treasurer of the authority who shall deposit it in a separate account in a bank or...
• Texas Section 601.038 - Examination Of Accounts
  (a) At least once a year, the authority shall have a certified public accountant conduct an audit of its books, accounts, and other records. A...
• Texas Section 601.039 - Conveyance Of Property
  (a) The municipality, by resolution or an instrument authorized by a resolution, may convey property to an authority for use in a project. (b) The...
• Texas Section 601.040 - Acquisition Of Real Property
  (a) The municipality may acquire real property for a project or for building or improving a road leading to a project. (b) The municipality may...
• Texas Section 601.041 - Tax-exempt Status
  Unless otherwise specifically provided by statute or in the ordinance or resolution creating an authority, property of an authority is exempt from taxation. Acts 1987,...
• Texas Section 601.042 - Contracts
  An authority shall let a contract in the manner, to the extent practicable, provided by law for contracts of the municipality, except that if the...
• Texas Section 601.043 - Notice Of Claim
  (a) In an action against an authority for damages, injury to property, or personal injury or death, a person making a claim shall notify the...
• Texas Section 601.044 - Duration
  (a) An authority ceases to exist 25 years after the date it is created, except that the municipality that created the authority may extend its...

Last modified: September 28, 2016