Tex. Gov't Code Section 1503.054
Pledge of Revenue

In addition to taxes, a municipality may pledge to the timely payment of the principal of and interest on warrants issued under this subchapter all or part of the receipts derived from the operation of the airport, including income, rent, revenue, and tolls.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1503.054 — Pledge of Revenue, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1503.­htm#1503.­054 (accessed Jun. 5, 2024).

Jun. 5, 2024

§ 1503.054’s source at texas​.gov