Texas Government Code 1508.160 – Charges
Current as of: 2024 | Check for updates
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(a) The governing body of a municipality may impose and collect charges for the use of a facility described by Section 1508.152(a).
(b) A municipality shall impose and collect charges in an amount that will be at least sufficient, with any other pledged resources, to provide for the payment of:
(1) the principal of, interest on, and any other amounts required in connection with the bonds; and
(2) to the extent required by the ordinance authorizing the issuance of the bonds:
(A) expenses incurred in connection with the bonds; and
(B) operation, maintenance, and other expenses incurred in connection with the facility.
