Tex. Gov't Code Section 1503.152
Pledge of Income

A municipality may pledge the income from its airport and anything the municipality acquires relating to the airport to secure the payment of money to:


purchase the airport; or


construct, improve, enlarge, extend, or repair a permanent improvement, including a building, repair shop, or other structure.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1503.152 — Pledge of Income, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1503.­htm#1503.­152 (accessed Jun. 5, 2024).

Jun. 5, 2024

§ 1503.152’s source at texas​.gov