Texas Government Code 1504.206 – Operating Expenses as First Lien
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Terms Used In Texas Government Code 1504.206
- Lien: A claim against real or personal property in satisfaction of a debt.
If the income from an exposition or convention hall is encumbered under this subchapter, each expense of operation and maintenance, including all salaries, labor, materials, interest, repairs, and additions necessary to properly maintain the exposition or convention hall, and each proper item of expense, is a first lien against that income.