reglab/housing_qa huggingface dataset:
TX Govt Code § 1507.154 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter D. Tax Bonds for Payment of Current Expenses|Section 1507.154. Limitation

Sec. 1507.154.  LIMITATION.  A municipality may not issue bonds under this subchapter in a principal amount that:(1)  exceeds the amount of loss sustained or anticipated by the municipality and the cost of issuing the bonds;  or(2)  would result in the outstanding aggregate principal amount of tax bond indebtedness of the municipality exceeding 10 percent of the assessed valuation of taxable property in the municipality according to the most recent ad valorem tax roll of the municipality.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.155 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter D. Tax Bonds for Payment of Current Expenses|Section 1507.155. Maturity

Sec. 1507.155.  MATURITY.  Bonds issued under this subchapter must mature not later than five years after their date of issuance as provided by the ordinance authorizing the issuance and sale of the bonds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.156 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter D. Tax Bonds for Payment of Current Expenses|Section 1507.156. Sale of Bonds

Sec. 1507.156.  SALE OF BONDS.  A municipality may sell bonds issued under this subchapter at a public or private sale as provided by the ordinance authorizing the issuance and sale of the bonds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.157 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter D. Tax Bonds for Payment of Current Expenses|Section 1507.157. No Waiver of Claims

Sec. 1507.157.  NO WAIVER OF CLAIMS.  (a)  A municipality's action under this subchapter does not affect or abrogate any claim the municipality may have with respect to a loss described by Section 1507.151.(b)  A municipality that issues bonds under this subchapter:(1)  does not waive any claim of the municipality;(2)  is not estopped from recovering on a claim of the municipality;  and(3)  does not ratify any prior action by the municipality in connection with the loss.(c)  A municipality may reserve any claim the municipality may have in its action authorizing the bonds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.158 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter D. Tax Bonds for Payment of Current Expenses|Section 1507.158. Redemption of Bonds

Sec. 1507.158.  REDEMPTION OF BONDS.  After the recovery of a loss described by Section 1507.151 or the failure of an anticipated loss described by Section 1507.151 to occur, the governing body shall promptly redeem bonds issued to cover the loss or anticipated loss in a principal amount equal to the amount recovered or the amount of anticipated loss that did not occur.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.159 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter D. Tax Bonds for Payment of Current Expenses|Section 1507.159. Conflict With Municipal Charter

Sec. 1507.159.  CONFLICT WITH MUNICIPAL CHARTER.  To the extent of a conflict between this subchapter and a municipal charter, this subchapter controls.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.160 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter D. Tax Bonds for Payment of Current Expenses|Section 1507.160. Construction

Sec. 1507.160.  CONSTRUCTION.  This subchapter shall be liberally construed to achieve the legislative intent and purposes of this subchapter.  A power granted by this subchapter shall be broadly interpreted to achieve that intent and those purposes.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.201 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter E. Notes to Fund or Refund General Operating Expenses in Municipalities With a Population of 35,000 to 45,000|Section 1507.201. Applicability of Subchapter

Sec. 1507.201.  APPLICABILITY OF SUBCHAPTER.  This subchapter applies only to a home-rule or special-law municipality with a population of 35,000 to 45,000.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.202 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter E. Notes to Fund or Refund General Operating Expenses in Municipalities With a Population of 35,000 to 45,000|Section 1507.202. Authority to Issue Notes

Sec. 1507.202.  AUTHORITY TO ISSUE NOTES.  A municipality may issue notes to fund or refund outstanding warrants that were drawn against the municipality's general fund for general operating expenses and issued during the calendar year preceding the calendar year in which the notes are issued.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.203 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter E. Notes to Fund or Refund General Operating Expenses in Municipalities With a Population of 35,000 to 45,000|Section 1507.203. Election

Sec. 1507.203.  ELECTION.  (a)  Before a municipality may issue notes under this subchapter, the governing body of the municipality shall order an election on the question of authorizing the governing body to issue the notes.(b)  The governing body shall hold, give notice of, and declare the results of an election under this section in the manner provided by general law for bond elections in the municipality.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.204 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter E. Notes to Fund or Refund General Operating Expenses in Municipalities With a Population of 35,000 to 45,000|Section 1507.204. Authority to Pass Ordinances and Resolutions

Sec. 1507.204.  AUTHORITY TO PASS ORDINANCES AND RESOLUTIONS.  If the issuance of the notes is authorized at the election, the governing body of the municipality may pass ordinances and resolutions for the issuance of the notes.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.205 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter E. Notes to Fund or Refund General Operating Expenses in Municipalities With a Population of 35,000 to 45,000|Section 1507.205. Maturity

Sec. 1507.205.  MATURITY.  A note issued under this subchapter must mature not later than 10 years after its date.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.206 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter E. Notes to Fund or Refund General Operating Expenses in Municipalities With a Population of 35,000 to 45,000|Section 1507.206. Pledge

Sec. 1507.206.  PLEDGE.  A municipality may pledge the full faith and credit of the municipality to the payment of a note issued under this subchapter and the interest on the note.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.207 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter E. Notes to Fund or Refund General Operating Expenses in Municipalities With a Population of 35,000 to 45,000|Section 1507.207. Payment of Warrants While Notes Are Outstanding

Sec. 1507.207.  PAYMENT OF WARRANTS WHILE NOTES ARE OUTSTANDING.  If a warrant is drawn against the municipality's general fund during a calendar year in which a note issued under this subchapter is outstanding, the municipality shall pay the warrant from current funds appropriated for the purpose for which the warrant is drawn.  The municipality may not fund or refund the warrant.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.251 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter F. Bonds for Payment of Current Expenses in Municipalities With a Population of 161,000 or More|Section 1507.251. Applicability of Subchapter

Sec. 1507.251.  APPLICABILITY OF SUBCHAPTER.  This subchapter applies only to a municipality with a population of 161,000 or more.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.252 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter F. Bonds for Payment of Current Expenses in Municipalities With a Population of 161,000 or More|Section 1507.252. Authority to Issue Warrants or Notes

Sec. 1507.252.  AUTHORITY TO ISSUE WARRANTS OR NOTES.  (a)  The governing body of a municipality may issue warrants or notes drawn against the current revenues of the municipality for the fiscal year to:(1)  provide for the payment of the municipality's expenses for the fiscal year in which the warrants or notes are issued or for any portion of that fiscal year;  or(2)  refund the principal of and interest on warrants and notes issued under this subchapter.(b)  Warrants and notes issued under this subchapter must be dated and numbered consecutively as issued.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.253 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter F. Bonds for Payment of Current Expenses in Municipalities With a Population of 161,000 or More|Section 1507.253. Pledge of Revenue; Payment

Sec. 1507.253.  PLEDGE OF REVENUE;  PAYMENT.  (a)  A warrant or note issued under this subchapter is a lien on:(1)  the revenue of the municipality for the fiscal year during which the warrant or note is issued that is available for payment of the warrant or note;  or(2)  a designated portion of that revenue.(b)  A municipality shall pay a warrant or note:(1)  consecutively according to its respective date and number as money for payment becomes available;  or(2)  on a date during the fiscal year on which, in the estimate of the governing body, sufficient revenue will be available for payment of the warrant or note.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.254 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter F. Bonds for Payment of Current Expenses in Municipalities With a Population of 161,000 or More|Section 1507.254. Limitation on Amount of Warrants and Notes Issued

Sec. 1507.254.  LIMITATION ON AMOUNT OF WARRANTS AND NOTES ISSUED.  (a)  The governing body may not issue warrants or notes under this subchapter in an amount exceeding 80 percent of the difference between:(1)  the estimated revenue of the municipality for the fiscal year;  and(2)  the sum of:(A)  the interest on the bonded indebtedness of the municipality to be paid from that revenue;  and(B)  any amount that the municipality is required to pay from that revenue into a sinking fund, special fund, or special trust fund of the municipality.(b)  The limitation prescribed by Subsection (a) does not apply to warrants or notes issued for refunding purposes.(c)  The aggregate principal amount of warrants or notes issued under this subchapter and outstanding at any time in a fiscal year may not exceed the greatest amount by which the proposed expenditures for the fiscal year are estimated by the governing body to exceed the estimated revenue available for payment of warrants and notes during the fiscal year, as computed under Subsection (a).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1507.255 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1507 - Obligations Relating to Municipal Debt and Expenses|Subchapter F. Bonds for Payment of Current Expenses in Municipalities With a Population of 161,000 or More|Section 1507.255. Sale of Warrants or Notes

Sec. 1507.255.  SALE OF WARRANTS OR NOTES.  A municipality may sell warrants or notes issued under this subchapter at a public or private sale as provided in the ordinance authorizing the issuance and sale of the warrants or notes.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1508.001 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1508 - Obligations for Municipal Parks, Recreational Facilities, and Airports|Subchapter A. Obligations for Parks, Recreational Facilities, and Airports|Section 1508.001. Authority for Parks, Recreational Facilities, and Airports

Sec. 1508.001.  AUTHORITY FOR PARKS, RECREATIONAL FACILITIES, AND AIRPORTS.  (a)  A municipality may:(1)  construct, purchase, or encumber:(A)  a park, swimming pool, golf course, golf course clubhouse, or ballpark;(B)  a fairground or an exposition building;(C)  an airport;  or(D)  land on which a facility described by Paragraphs (A)-(C) is located;  or(2)  encumber anything acquired or to be acquired that relates to a facility or land constructed or purchased under Subdivision (1).(b)  A municipality may secure the payment of funds to construct, purchase, or equip a facility or land described by Subsection (a)(1).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1508.002 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1508 - Obligations for Municipal Parks, Recreational Facilities, and Airports|Subchapter A. Obligations for Parks, Recreational Facilities, and Airports|Section 1508.002. Authority to Issue Bonds, Notes, and Warrants

Sec. 1508.002.  AUTHORITY TO ISSUE BONDS, NOTES, AND WARRANTS.  A municipality may issue bonds, notes, or warrants to provide the money to construct or purchase a facility or land described by Section 1508.001.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1508.003 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1508 - Obligations for Municipal Parks, Recreational Facilities, and Airports|Subchapter A. Obligations for Parks, Recreational Facilities, and Airports|Section 1508.003. Pledge of Income

Sec. 1508.003.  PLEDGE OF INCOME.  A municipality may pledge the income from a facility or land described by Section 1508.001 to the payment of obligations issued under this subchapter.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1508.004 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1508 - Obligations for Municipal Parks, Recreational Facilities, and Airports|Subchapter A. Obligations for Parks, Recreational Facilities, and Airports|Section 1508.004. Authority to Grant Franchise

Sec. 1508.004.  AUTHORITY TO GRANT FRANCHISE.  As additional security for an obligation described by Section 1508.002, a municipality may, under the terms of the encumbrance, grant to the purchaser under sale or foreclosure a franchise to operate the facility or land for a term not to exceed 20 years from the date of purchase, subject to all laws regulating same then in force.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1508.005 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1508 - Obligations for Municipal Parks, Recreational Facilities, and Airports|Subchapter A. Obligations for Parks, Recreational Facilities, and Airports|Section 1508.005. Obligations Not Debt of Municipality

Sec. 1508.005.  OBLIGATIONS NOT DEBT OF MUNICIPALITY.  An obligation issued under this subchapter:(1)  is not a debt of the municipality;(2)  may be a charge only on the facility or land pledged for the payment of the obligation;  and(3)  may not be included in determining the power of the municipality to issue bonds for any purpose authorized by law.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1508.006 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1508 - Obligations for Municipal Parks, Recreational Facilities, and Airports|Subchapter A. Obligations for Parks, Recreational Facilities, and Airports|Section 1508.006. Election

Sec. 1508.006.  ELECTION.  (a)  Unless authorized at an election by a majority vote of the qualified voters of the municipality, a municipality may not:(1)  encumber a facility or land described by Section 1508.001 for more than $5,000 except:(A)  for purchase money;(B)  for funds to construct and equip the facility;  or(C)  to refund existing debt that was authorized by law;  or(2)  sell a facility or land described by Section 1508.001.(b)  The governing body of the municipality shall hold an election under this section in the manner provided for other bond elections in the municipality.(c)  If approved by a majority vote of the qualified voters at an election held for that purpose before November 14, 1935, an election is not required to encumber:(1)  a golf course or golf course clubhouse;(2)  a fairground or an exposition building;(3)  an airport;  or(4)  land for a facility described by Subdivisions (1)-(3).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1508.007 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1508 - Obligations for Municipal Parks, Recreational Facilities, and Airports|Subchapter A. Obligations for Parks, Recreational Facilities, and Airports|Section 1508.007. Records

Sec. 1508.007.  RECORDS.  The mayor of a municipality that has a facility or land described by Section 1508.001 shall establish and maintain a complete system of records that:(1)  show each free service provided in connection with the facility or land and the value of the service;  and(2)  show separately the amounts spent and amounts set aside for operation, salaries, labor, materials, repairs, maintenance, depreciation, replacements, extensions, interest, and the creation of a sinking fund to pay the bonds or debt.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1508.008 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1508 - Obligations for Municipal Parks, Recreational Facilities, and Airports|Subchapter A. Obligations for Parks, Recreational Facilities, and Airports|Section 1508.008. Annual Report

Sec. 1508.008.  ANNUAL REPORT.  (a)  Not later than February 1 of each year, the superintendent or manager of a facility or land described by Section 1508.001 shall file with the mayor of the municipality a detailed report of the operation of the facility or land for the year ending the preceding January 1.(b)  The report must show the total amount of money collected and the balance due, and the total disbursements made and the amounts remaining unpaid, resulting from the operation of the facility or land during that year.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1508.009 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1508 - Obligations for Municipal Parks, Recreational Facilities, and Airports|Subchapter A. Obligations for Parks, Recreational Facilities, and Airports|Section 1508.009. Offense

Sec. 1508.009.  OFFENSE.  (a)  A mayor commits an offense if the mayor fails to:(1)  establish the system of records required by Section 1508.007 before the 91st day after the date the construction or purchase of the facility or land is completed;  or(2)  maintain the system of records required by Section 1508.007.(b)  A superintendent or manager of a facility or land described by Section 1508.001 commits an offense if the superintendent or manager fails to file a report required by Section 1508.008.(c)  An offense under this section is a misdemeanor punishable by a fine of not less than $100 or more than $1,000.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1508.010 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1508 - Obligations for Municipal Parks, Recreational Facilities, and Airports|Subchapter A. Obligations for Parks, Recreational Facilities, and Airports|Section 1508.010. Civil Enforcement

Sec. 1508.010.  CIVIL ENFORCEMENT.  A taxpayer who resides in the municipality or a holder of an obligation issued under this subchapter and secured by the encumbered revenue from a facility or land described by Section 1508.001 is entitled to enforce this subchapter by appropriate civil action in a district court in the county in which the municipality is located.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|