reglab/housing_qa huggingface dataset:
TX Govt Code § 1505.068 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.068. Operating Expenses as First Lien

Sec. 1505.068.  OPERATING EXPENSES AS FIRST LIEN.  The reasonable costs of administering and operating and the reasonable expense of maintaining the project are a first lien against the revenue and income from the operation of a project, superior to the lien of any encumbrance on the project.  From the revenue and income of a project, the municipality shall, monthly or more frequently if necessary, first deposit to the credit of the operation and maintenance account an amount sufficient to pay those expenses.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.025(a), eff. Sept. 1, 2001.|
TX Govt Code § 1505.069 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.069. Sale or Lease of Reclaimed or Reconstructed Land

Sec. 1505.069.  SALE OR LEASE OF RECLAIMED OR RECONSTRUCTED LAND.  A municipality that reclaims or reconstructs submerged land under this subchapter may:(1)  sell, lease, or grant a franchise for the use of the land;  and(2)  use revenue from the sale, lease, or franchise as provided by this subchapter.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.070 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.070. Charges

Sec. 1505.070.  CHARGES.  (a)  The governing body of a municipality shall set and at all times maintain charges for services and facilities of the project, and for the sale of reclaimed land, in amounts sufficient to pay, create, or fund, as appropriate, each item listed in Section 1505.062(b).(b)  A state bureau, board, commission, agency, or instrumentality may not supervise or regulate the amount of a charge of the municipality.  This subchapter does not affect a power or duty of the Texas Board of Health.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.071 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.071. Deposits to Bond and Interest Redemption Fund

Sec. 1505.071.  DEPOSITS TO BOND AND INTEREST REDEMPTION FUND.  (a)  The municipality shall, monthly or more frequently if necessary, deposit to the credit of the bond and interest redemption fund an amount of money from the gross income and revenue of the project sufficient to pay, when due, the principal of and interest on the bonds.(b)  The governing body of the municipality may deposit a reasonable amount to the credit of the bond and interest redemption fund in excess of the amount required to pay bonds maturing during the earlier years of maturities of the bonds to provide a reserve fund to prevent a deficiency in payment of bonds maturing in later years.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.072 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.072. Disposition of Certain Surplus Money

Sec. 1505.072.  DISPOSITION OF CERTAIN SURPLUS MONEY.  The governing body of the municipality may provide for the disposition of surplus money in the operation and maintenance account or a depreciation account by having the money:(1)  transferred to the bond and interest redemption fund;(2)  invested;  or(3)  otherwise disposed of.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.073 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.073. Separate Records

Sec. 1505.073.  SEPARATE RECORDS.  (a)  A municipality that issues bonds under this subchapter shall establish and maintain proper records into which full and correct entries shall be made of all dealings or transactions of or in relation to the property, business, or affairs of the project.(b)  The records:(1)  must be separate from other records of the municipality;  and(2)  shall be open for examination and inspection by any:(A)  taxpayer;(B)  user of a service furnished by the project;(C)  holder of a bond issued under this subchapter;  or(D)  person acting for or on behalf of the taxpayer, user, or holder.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.074 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.074. Required Payment for Services Rendered to Municipality

Sec. 1505.074.  REQUIRED PAYMENT FOR SERVICES RENDERED TO MUNICIPALITY.  (a)  A municipality shall be charged the reasonable cost or value of a service rendered to the municipality by a project.(b)  The municipality shall pay the charges, as the service accrues, from:(1)  current funds of the municipality;  or(2)  the proceeds of taxes imposed at a rate sufficient for that purpose.(c)  Money received by the project under this section must be accounted for in the same manner as other revenue of the project.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.075 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.075. Authority to Regulate Operation of Bridges and Traffic on Bridges

Sec. 1505.075.  AUTHORITY TO REGULATE OPERATION OF BRIDGES AND TRAFFIC ON BRIDGES.  Except as provided by Section 1505.076, a municipality may adopt reasonable and necessary ordinances to regulate:(1)  the operation of a bridge that is constructed, maintained, or operated under this subchapter;  and(2)  traffic on the bridge.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.076 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.076. Commissioners of Navigation District

Sec. 1505.076.  COMMISSIONERS OF NAVIGATION DISTRICT.  (a)  A municipality may not construct, maintain, or operate a bridge over or across an entrance channel to a deepwater port operated by a navigation district without a permit issued by the commissioners of the district.  Plans and specifications for the bridge must be jointly approved by the commissioners and the governing body of the municipality.(b)  If a bridge over or across the entrance channel to the port is constructed, maintained, or operated under this subchapter, the commissioners of the navigation district:(1)  may prescribe reasonable rules for the operation of the bridge in aid of navigation;(2)  shall exercise direct control over the maintenance and operation of the mechanical facilities of the bridge that provide clearance of the channel for vessels to enter or leave the port;(3)  may employ and direct all agencies in the management and operation of those facilities;  and(4)  may appropriate and use any available revenue of the district to defray the cost of maintaining or operating the bridge.(c)  A municipality may not construct, maintain, or operate a bridge over or across an entrance channel to a deepwater port operated by a navigation district except as provided by this section.(d)  This section does not apply after land or a facility mortgaged by a municipality is sold on foreclosure.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.077 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.077. Authority for County Appropriations

Sec. 1505.077.  AUTHORITY FOR COUNTY APPROPRIATIONS.  A county in which is located a municipality to which this chapter applies may:(1)  appropriate any available revenue of the county to the municipality for use in:(A)  constructing a bridge;(B)  reclaiming or reconstructing submerged land;  or(C)  constructing seawall or breakwater protection for its waterfront;  or(2)  appropriate and apply any available revenue to the operation or maintenance of any such project.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.078 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.078. Authority for Texas Department of Transportation Expenditures

Sec. 1505.078.  AUTHORITY FOR TEXAS DEPARTMENT OF TRANSPORTATION EXPENDITURES.  The Texas Department of Transportation, with the approval of the governor, may apply any of the available revenue of the department to aid in:(1)  the construction, operation, or maintenance of a bridge acquired or constructed under this subchapter, including any approach to the bridge;  or(2)  the acquisition of any property in connection with or in furtherance of those activities.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.079 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.079. Certain County and Municipal Expenditures Not Prohibited

Sec. 1505.079.  CERTAIN COUNTY AND MUNICIPAL EXPENDITURES NOT PROHIBITED.  This subchapter does not prohibit a county or municipality from appropriating or using any available income and revenue of the county or municipality derived from any source, other than from the operation of the project by a municipality, to:(1)  pay an immediate expense of maintaining or operating a project;  or(2)  aid in financing any part of constructing a bridge or reclaiming any submerged land.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.080 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.080. Unexpended Balance

Sec. 1505.080.  UNEXPENDED BALANCE.  (a)  Any proceeds of the sale of bonds issued under this subchapter that are unspent after completion of the project for which the bonds were issued:(1)  shall be deposited to the credit of the bond and interest redemption fund for the bonds;  and(2)  may be used only to:(A)  pay the principal of the bonds;  or(B)  purchase outstanding bonds of the issue from which the proceeds were derived.(b)  A bond may not be purchased under Subsection (a)(2)(B) for a price that exceeds, excluding accrued interest, the face amount of the bond.(c)  A bond purchased under Subsection (a)(2)(B) must be canceled and may not be reissued.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.081 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities|Section 1505.081. Exemption From Taxation

Sec. 1505.081.  EXEMPTION FROM TAXATION.  (a)  A bond or interest coupon issued under this subchapter is exempt from taxation under any law of this state.(b)  In addition to the provisions required by Section 1505.059(b), each bond issued under this subchapter must state on its face the following provision:  "The principal of and interest on this bond are exempt from taxation under any law of the State of Texas."|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.101 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter C. Obligations for Toll Bridges and Other Facilities in Certain Coastal Municipalities|Section 1505.101. Applicability of Subchapter

Sec. 1505.101.  APPLICABILITY OF SUBCHAPTER.  This subchapter applies only to a municipality that:(1)  is located in a navigation district organized under the general laws of this state;  and(2)  has a deepwater port located in the district.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.102 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter C. Obligations for Toll Bridges and Other Facilities in Certain Coastal Municipalities|Section 1505.102. Definitions

Sec. 1505.102.  DEFINITIONS.  In this subchapter:(1)  "Bridge or tunnel" means a bridge over, or a tube, underpass, or tunnel under, any stream, inlet, or arm of the Gulf of Mexico or entrance channel to the deepwater port of a municipality that connects any public streets or thoroughfares of, in, or to the municipality.(2)  "Obligation" means a bond, note, or warrant.(3)  "Project" means:(A)  a facility constructed, maintained, operated, extended, improved, or replaced by a municipality as described by Section 1505.103;  and(B)  land acquired or improved by a municipality as described by Section 1505.103.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.103 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter C. Obligations for Toll Bridges and Other Facilities in Certain Coastal Municipalities|Section 1505.103. Authority to Issue Obligations for Certain Facilities

Sec. 1505.103.  AUTHORITY TO ISSUE OBLIGATIONS FOR CERTAIN FACILITIES.  A municipality may issue revenue obligations to:(1)  construct, maintain, or operate a toll bridge or tunnel;(2)  construct, maintain, operate, or extend a sewage disposal plant, without regard to whether the plant is inside or outside the municipality;(3)  construct, maintain, extend, or improve a sanitary sewer line or storm sewer line, without regard to whether the line is inside or outside the municipality;(4)  if found necessary by the governing body of the municipality, construct, maintain, extend, or improve a water main or water line from the source of water supply of the municipality to any location inside the municipality;(5)  acquire, reclaim, reconstruct, elevate, or fill in any submerged land or lowland along a waterfront of the municipality and construct a sidewalk, street, or gas line on the land;(6)  construct, maintain, extend, or improve a seawall, breakwater, or other shore protection to protect the waterfront of the municipality;(7)  construct, reconstruct, maintain, operate, or dredge a channel or boat basin in connection with any deepwater port of the municipality;  or(8)  construct, maintain, replace, or operate:(A)  a boat basin or boat slip;  or(B)  a structure in connection with the basin or slip, including a dry dock, boat service station, wall, pier, or wharf.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.104 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter C. Obligations for Toll Bridges and Other Facilities in Certain Coastal Municipalities|Section 1505.104. Authority to Borrow Money

Sec. 1505.104.  AUTHORITY TO BORROW MONEY.  (a)  In the amount and under the terms that are agreed to by the municipality and the lender, a municipality may borrow money for a project from:(1)  the United States;(2)  an agency of the United States authorized to make a loan to a municipality;  or(3)  any person, firm, or corporation.(b)  The loan shall be evidenced by obligations issued under this subchapter if the project is financed under this subchapter.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.105 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter C. Obligations for Toll Bridges and Other Facilities in Certain Coastal Municipalities|Section 1505.105. Security for Payment of Obligations

Sec. 1505.105.  SECURITY FOR PAYMENT OF OBLIGATIONS.  (a)  An obligation issued under this subchapter, and interest on the obligation, must be paid by an appropriation or pledge of all revenue derived from:(1)  one or more projects;(2)  any tolls authorized under Section 1505.113 and collected from the operation of an existing bridge or tunnel;  or(3)  both the project and the tolls.(b)  Payment of the obligation may additionally be secured by a mortgage on any project, including a toll bridge or tunnel or reclaimed land.(c)  Any revenue or income derived from one project may be pledged to the payment of an obligation issued to provide for a different project.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.106 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter C. Obligations for Toll Bridges and Other Facilities in Certain Coastal Municipalities|Section 1505.106. Obligations Not Payable From Taxes

Sec. 1505.106.  OBLIGATIONS NOT PAYABLE FROM TAXES.  (a)  An obligation issued under this subchapter:(1)  is not a debt of the municipality;(2)  may be a charge only against the revenue, property, or improvement pledged for the payment of the obligation;  and(3)  may not be included in determining the power of the municipality to issue bonds or lend its credit for any purpose authorized by law.(b)  Each obligation issued under this subchapter must contain the following provision:  "The holder of this obligation is not entitled to demand payment of this obligation from any money raised by taxation."|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.107 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter C. Obligations for Toll Bridges and Other Facilities in Certain Coastal Municipalities|Section 1505.107. Election

Sec. 1505.107.  ELECTION.  (a)  A municipality may not issue an obligation under this subchapter unless the issuance is authorized by a majority vote of the qualified voters voting at an election held for that purpose under Chapter 1251.(b)  On approval by the voters, the municipality shall issue the approved obligations as soon as practicable.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.108 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter C. Obligations for Toll Bridges and Other Facilities in Certain Coastal Municipalities|Section 1505.108. Maturity

Sec. 1505.108.  MATURITY.  An obligation issued under this subchapter must mature not later than 30 years after its date.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.109 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter C. Obligations for Toll Bridges and Other Facilities in Certain Coastal Municipalities|Section 1505.109. Accounts Required to Be Created by Ordinance

Sec. 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.|
TX Govt Code § 1505.110 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters|Subchapter C. Obligations for Toll Bridges and Other Facilities in Certain Coastal Municipalities|Section 1505.110. Operating Expenses as First Lien

Sec. 1505.110.  OPERATING EXPENSES AS FIRST LIEN.  (a)  The reasonable costs of administering and operating and the reasonable expense of maintaining the project are a first lien against the revenue and income from the operation of the project, superior to the lien of any indenture or deed of trust on the project.(b)  From the revenue and income of the project, the municipality shall, monthly or more frequently if necessary:(1)  first deposit to the credit of the operation and maintenance account an amount sufficient to pay the costs and expense described in Subsection (a);  and(2)  deposit to the credit of the interest and sinking fund account an amount sufficient to pay when due the principal of and interest on the obligation.(c)  Revenue or income from a project may not be used except as provided by this section while an obligation related to the project remains outstanding.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|