Tex. Gov't Code 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 fund account.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1505.109 — Accounts Required to Be Created by Ordinance, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1505.­htm#1505.­109 (accessed Nov. 25, 2023).

1505.001
Applicability of Subchapter
1505.002
Authority to Issue Bonds for Harbor Improvements
1505.003
Amount of Bonds
1505.004
Surplus Bonds
1505.051
Applicability of Subchapter
1505.052
Definition
1505.053
Authority for Navigational Facilities
1505.054
Authority to Issue Bonds
1505.055
Authority to Borrow from United States
1505.056
Payment of Bonds
1505.057
Encumbrance as Additional Security
1505.058
Additional Security for Project Related to Acquisition or Construction of Bridge
1505.059
Bonds Not Payable from Taxes
1505.060
Estimate of Project Cost
1505.061
Election
1505.062
Contents of Ordinance Authorizing Issuance of Bonds
1505.063
Maturity
1505.064
Medium of Payment
1505.065
Additional Bonds
1505.066
Sale of Bonds
1505.067
Deposit of Bond Proceeds
1505.068
Operating Expenses as First Lien
1505.069
Sale or Lease of Reclaimed or Reconstructed Land
1505.070
Charges
1505.071
Deposits to Bond and Interest Redemption Fund
1505.072
Disposition of Certain Surplus Money
1505.073
Separate Records
1505.074
Required Payment for Services Rendered to Municipality
1505.075
Authority to Regulate Operation of Bridges and Traffic on Bridges
1505.076
Commissioners of Navigation District
1505.077
Authority for County Appropriations
1505.078
Authority for Texas Department of Transportation Expenditures
1505.079
Certain County and Municipal Expenditures Not Prohibited
1505.080
Unexpended Balance
1505.081
Exemption from Taxation
1505.101
Applicability of Subchapter
1505.102
Definitions
1505.103
Authority to Issue Obligations for Certain Facilities
1505.104
Authority to Borrow Money
1505.105
Security for Payment of Obligations
1505.106
Obligations Not Payable from Taxes
1505.107
Election
1505.108
Maturity
1505.109
Accounts Required to Be Created by Ordinance
1505.110
Operating Expenses as First Lien
1505.111
Execution of Indenture or Deed of Trust
1505.112
Authority to Remove or Demolish Bridge or Tunnel
1505.113
Conversion of Bridge or Tunnel to Toll Bridge or Tunnel
1505.114
Eminent Domain
1505.115
Commissioners of Navigation District
1505.151
Applicability of Subchapter
1505.152
Authority to Acquire or Construct Fish Market
1505.153
Authority to Issue Obligations
1505.154
Authority to Accept Loans and Grants from United States
1505.155
Security for Payment of Obligations
1505.156
Obligations Not Payable from Taxes
1505.157
Maturity
1505.158
Operating Expenses as First Lien
1505.159
Use of Revenue
1505.160
Subordinate Obligations
1505.161
Lease and Sale of Facilities
1505.201
Applicability of Subchapter
1505.202
Definitions
1505.203
Authority to Issue Revenue Bonds
1505.204
Authority to Accept Loans and Grants
1505.205
Location of Harbor Improvement or Facility
1505.206
Pledge of Revenue
1505.207
Grant of Franchise
1505.208
Bonds Not Payable from Taxes
1505.209
Election
1505.210
Additional Bonds
1505.211
Transfer of Pledged Revenue
1505.212
Rates
1505.213
Appointment of Receiver
1505.214
Exemption from Assessment or Taxation
1505.215
Authority to Issue Refunding Bonds
1505.216
Terms of Issuance of Refunding Bonds
1505.217
Registration of Refunding Bonds by Comptroller
1505.251
Applicability of Subchapter
1505.252
Authority for Harbor, Wharf, and Dock Facilities
1505.253
Authority to Issue Bonds
1505.254
Election

Accessed:
Nov. 25, 2023

§ 1505.109’s source at texas​.gov