reglab/housing_qa huggingface dataset:
TX Govt Code § 1501.006 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter A. Revenue Bonds for Certain Sewage Disposal Facilities|Section 1501.006. Rates for Service

Sec. 1501.006.  RATES FOR SERVICE.  (a)  The governing body of a municipality that issues bonds under this subchapter shall establish rates for sewer service in amounts sufficient to:(1)  pay:(A)  maintenance and operation expenses;(B)  the bonds as they are scheduled to mature;  and(C)  interest on the bonds as it accrues;  and(2)  establish and maintain any fund provided in the ordinance authorizing the bonds.(b)  Notwithstanding Subsection (a), the municipality may not, during the term of a contract for sewer service, increase the amount of the consideration for that service specified in the contract except:(1)  as the contract provides;  or(2)  as the parties to the contract agree.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.007 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter A. Revenue Bonds for Certain Sewage Disposal Facilities|Section 1501.007. Other Law Applicable; Election Not Required

Sec. 1501.007.  OTHER LAW APPLICABLE;  ELECTION NOT REQUIRED.  (a)  Subtitles A and C and Subchapter B, Chapter 1502, apply to the issuance of bonds under this subchapter except as provided by this subchapter.(b)  An election is not required to authorize the issuance of bonds under this subchapter.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.051 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter B. Application of Utility System Revenue to Bonded Debt on System|Section 1501.051. Authority to Use Utility Revenue for Sinking Fund or Interest Payments

Sec. 1501.051.  AUTHORITY TO USE UTILITY REVENUE FOR SINKING FUND OR INTEREST PAYMENTS.  (a)  The governing body of a municipality may appropriate the net revenue from any municipal public utility system, service, or enterprise, in the amount that the governing body determines is in the best interest of the municipality, to:(1)  the credit of the sinking fund for any bonded debt incurred because of the utility system, service, or enterprise;  or(2)  the payment of any interest on the bonded debt incurred because of that utility system, service, or enterprise.(b)  A governing body that makes an appropriation under Subsection (a) must make the appropriation:(1)  at the end of the municipality's fiscal year;  and(2)  before the governing body adopts a tax rate for that fiscal year.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.052 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter B. Application of Utility System Revenue to Bonded Debt on System|Section 1501.052. Effect on Taxes

Sec. 1501.052.  EFFECT ON TAXES.  (a)  If in any fiscal year the amount of revenue appropriated under Section 1501.051 is at least equal to the amount needed for the sinking fund and to pay interest on the bonded indebtedness in that fiscal year, the governing body of the municipality is not required to impose a tax for that purpose.(b)  If the amount of revenue appropriated under Section 1501.051 is less than the amount needed for the sinking fund and to pay interest in the fiscal year, the governing body shall adopt a tax rate for that year sufficient to generate the amount of taxes necessary to credit or pay the deficiency in that year.(c)  This section does not authorize a municipality to exceed a limitation on taxes.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.101 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter C. Revenue Bonds to Finance Certain Texas-New Mexico Electric Properties|Section 1501.101. Authority to Acquire and Operate Texas-New Mexico Electric Plant and System

Sec. 1501.101.  AUTHORITY TO ACQUIRE AND OPERATE TEXAS-NEW MEXICO ELECTRIC PLANT AND SYSTEM.  A municipality that receives electricity from a privately owned electric plant and system, part of which is located in New Mexico, including a facility for the generation or transmission of electricity distributed in part to residents of the municipality, may acquire, own, and operate all or any part of that electric plant and system.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.102 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter C. Revenue Bonds to Finance Certain Texas-New Mexico Electric Properties|Section 1501.102. Authority to Issue Revenue Bonds

Sec. 1501.102.  AUTHORITY TO ISSUE REVENUE BONDS.  A municipality may issue revenue bonds in the manner provided by general law to finance the acquisition of any part of the electric plant and system under Section 1501.101.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.103 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter C. Revenue Bonds to Finance Certain Texas-New Mexico Electric Properties|Section 1501.103. Authority to Sell Electricity of Plant and System

Sec. 1501.103.  AUTHORITY TO SELL ELECTRICITY OF PLANT AND SYSTEM.  A municipality that acquires an electric plant and system under Section 1501.101 may:(1)  sell electricity either at retail or wholesale for distribution in New Mexico;  and(2)  enter into a sales agreement for the electricity as the governing body of the municipality provides.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.151 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter D. Certificates of Indebtedness to Finance Judgments or Settlements Related to Municipal Natural Gas System|Section 1501.151. Authority to Issue Certificates of Indebtedness

Sec. 1501.151.  AUTHORITY TO ISSUE CERTIFICATES OF INDEBTEDNESS.  The governing body of a general-law municipality may authorize the issuance of certificates of indebtedness to pay:(1)  a final judgment of a court in a lawsuit arising from the municipality's operation of a natural gas system the municipality owns;  or(2)  a settlement of such a lawsuit.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.152 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter D. Certificates of Indebtedness to Finance Judgments or Settlements Related to Municipal Natural Gas System|Section 1501.152. Notice of Intention to Issue Certificates of Indebtedness

Sec. 1501.152.  NOTICE OF INTENTION TO ISSUE CERTIFICATES OF INDEBTEDNESS.  (a)  The governing body of the municipality may not authorize the issuance of certificates of indebtedness under this subchapter until the municipality gives notice of the municipality's intention to issue the certificates.(b)  The notice must:(1)  be published in a newspaper of general circulation in the municipality once each week for two consecutive weeks, with the first publication being before the 14th day before the date the governing body proposes to adopt the ordinance authorizing the issuance of the certificates of indebtedness;  and(2)  state:(A)  the time and place the governing body of the municipality proposes to authorize the issuance;(B)  the maximum amount of the certificates to be issued;  and(C)  the purpose for which the certificates are to be issued.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.153 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter D. Certificates of Indebtedness to Finance Judgments or Settlements Related to Municipal Natural Gas System|Section 1501.153. Petition; Election

Sec. 1501.153.  PETITION;  ELECTION.  (a)  If, before the certificates of indebtedness are authorized, a petition is filed with the secretary or clerk of the municipality protesting the issuance of the certificates that is signed by at least five percent of the registered voters of the municipality, the municipality may not issue the certificates unless a proposition for the issuance of the certificates is approved at an election held for that purpose.(b)  The governing body shall hold the election in the manner provided by Chapter 1251 for a bond election.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.154 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter D. Certificates of Indebtedness to Finance Judgments or Settlements Related to Municipal Natural Gas System|Section 1501.154. Maturity

Sec. 1501.154.  MATURITY.  A certificate of indebtedness issued under this subchapter must mature not later than 20 years after its date.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.155 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter D. Certificates of Indebtedness to Finance Judgments or Settlements Related to Municipal Natural Gas System|Section 1501.155. Signatures; Seal

Sec. 1501.155.  SIGNATURES;  SEAL.  A certificate of indebtedness issued under this subchapter must:(1)  be signed by the mayor and the secretary or clerk of the municipality;  and(2)  bear the seal of the municipality.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.156 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter D. Certificates of Indebtedness to Finance Judgments or Settlements Related to Municipal Natural Gas System|Section 1501.156. Sale of Certificates

Sec. 1501.156.  SALE OF CERTIFICATES.  (a)  A municipality may sell certificates of indebtedness issued under this subchapter:(1)  at a public or private sale;(2)  on terms the governing body of the municipality determines;  and(3)  with an option to prepay principal as the governing body of the municipality considers advisable.(b)  A municipality shall sell the certificates for cash.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.157 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter D. Certificates of Indebtedness to Finance Judgments or Settlements Related to Municipal Natural Gas System|Section 1501.157. Use of Proceeds

Sec. 1501.157.  USE OF PROCEEDS.  A municipality shall use the proceeds from the sale of certificates of indebtedness issued under this subchapter for a purpose authorized by this subchapter.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.158 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter D. Certificates of Indebtedness to Finance Judgments or Settlements Related to Municipal Natural Gas System|Section 1501.158. Imposition of Ad Valorem Tax

Sec. 1501.158.  IMPOSITION OF AD VALOREM TAX.  The governing body of the municipality shall impose an annual ad valorem tax sufficient to pay when due the principal of and interest on each certificate of indebtedness issued under this subchapter.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.201 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter E. Bonds for Improvement of Water and Sewer Systems in Municipalities With Population of More Than 275,000|Section 1501.201. Applicability of Subchapter

Sec. 1501.201.  APPLICABILITY OF SUBCHAPTER.  This subchapter applies only to:(1)  a municipality that has:(A)  a population of more than 275,000;  and(B)  a municipal water and sewer system operated by a water board;  and(2)  a water control and improvement district that:(A)  is located in whole or in part within the boundaries of a municipality described by Subdivision (1);  and(B)  owns district property that is operated, under a contract between a municipality described by Subdivision (1) and the district, by a water board established by the charter of the municipality or by ordinance.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.202 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter E. Bonds for Improvement of Water and Sewer Systems in Municipalities With Population of More Than 275,000|Section 1501.202. Definitions

Sec. 1501.202.  DEFINITIONS.  In this subchapter:(1)  "District property" means water or sewer property owned by a water control and improvement district that a municipality can use as, or use as an improvement or extension of, the water and sewer system of the municipality.(2)  "Water board" means a board of trustees or public service board.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.203 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter E. Bonds for Improvement of Water and Sewer Systems in Municipalities With Population of More Than 275,000|Section 1501.203. Authority to Issue Bonds

Sec. 1501.203.  AUTHORITY TO ISSUE BONDS.  A municipality may issue bonds to pay for the purchase of district property to improve or extend the municipal water and sewer system.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.204 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter E. Bonds for Improvement of Water and Sewer Systems in Municipalities With Population of More Than 275,000|Section 1501.204. Pledge of Revenue

Sec. 1501.204.  PLEDGE OF REVENUE.  Bonds issued under this subchapter must be secured by a pledge of and be payable from the net revenue of the municipal water and sewer system, including any district property purchased with the bond proceeds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.205 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter E. Bonds for Improvement of Water and Sewer Systems in Municipalities With Population of More Than 275,000|Section 1501.205. Notice of Intention to Issue Bonds

Sec. 1501.205.  NOTICE OF INTENTION TO ISSUE BONDS.  (a)  A municipality may not issue bonds under this subchapter until the mayor of the municipality gives notice of the municipality's intention to issue the bonds.(b)  The notice must:(1)  be published in a newspaper of general circulation in the municipality once each week for two consecutive weeks, with the first publication being before the 14th day before the date the governing body of the municipality proposes to adopt an ordinance authorizing the issuance of the bonds;  and(2)  state the maximum:(A)  amount of bonds to be issued;(B)  interest rate of the bonds;  and(C)  maturity of the bonds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.206 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter E. Bonds for Improvement of Water and Sewer Systems in Municipalities With Population of More Than 275,000|Section 1501.206. Petition; Election

Sec. 1501.206.  PETITION;  ELECTION.  (a)  If, before the date the governing body of the municipality proposes to adopt the ordinance authorizing the issuance of the bonds, a petition is filed with the secretary or clerk of the municipality requesting an election on the issuance of the bonds that is signed by at least 10 percent of the registered voters of the municipality, the municipality may not issue the bonds unless a proposition for the issuance of the bonds is approved by a majority of the qualified voters of the municipality voting at an election held for that purpose.(b)  The governing body shall hold the election in the manner provided by Chapter 1251.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.207 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter E. Bonds for Improvement of Water and Sewer Systems in Municipalities With Population of More Than 275,000|Section 1501.207. Sale of District Property

Sec. 1501.207.  SALE OF DISTRICT PROPERTY.  A district may sell to a municipality, and the municipality may buy, district property only if the purchase price paid, when added to other applicable money of the district, is sufficient to provide for the payment of:(1)  all outstanding district bonds, including interest on the bonds to:(A)  the maturity dates of the bonds;  or(B)  the dates the district sets for redemption of the bonds;(2)  any required redemption premium;  and(3)  any applicable fee of the bank of payment.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.208 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter E. Bonds for Improvement of Water and Sewer Systems in Municipalities With Population of More Than 275,000|Section 1501.208. Interest and Sinking Fund of District

Sec. 1501.208.  INTEREST AND SINKING FUND OF DISTRICT.  (a)  The interest and sinking fund of a district must be permanently maintained in the bank where bonds of the district are payable.(b)  A district to which money is paid under Section 1501.207 shall promptly deposit that money, as well as other applicable money and investments of the district, to the credit of the interest and sinking fund of the district.(c)  A bank of payment that receives a deposit of money or an investment shall hold that money or investment in trust for the benefit of the holders of outstanding bonds of the district.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.209 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter E. Bonds for Improvement of Water and Sewer Systems in Municipalities With Population of More Than 275,000|Section 1501.209. Investment of Money in Interest and Sinking Fund

Sec. 1501.209.  INVESTMENT OF MONEY IN INTEREST AND SINKING FUND.  (a)  The district's interest and sinking fund must be:(1)  immediately invested in direct obligations of the United States;(2)  deposited in a bank or savings and loan association, to the extent that the deposit is insured by an agency of the United States;  or(3)  placed in a combination of investments described by Subdivision (1) and deposits described by Subdivision (2).(b)  An investment of the district's interest and sinking fund must mature and produce income, without reinvestment, at times and in amounts sufficient to pay:(1)  the principal of the district's bonds as it becomes due;(2)  interest on the district's bonds as it becomes due;(3)  any redemption premium on the redemption date;  and(4)  any applicable fee of the bank of payment.(c)  The district shall apply money that exceeds the amount needed under Subsection (b) to the payment of other debts of the district.(d)  On request of the water board that operates property purchased under this subchapter, the bank in which the interest and sinking fund of the district is maintained shall pay to the water board any money or investment in that fund that exceeds the amount needed under Subsection (b).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1501.210 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1501 - Obligations for Municipal Utilities|Subchapter E. Bonds for Improvement of Water and Sewer Systems in Municipalities With Population of More Than 275,000|Section 1501.210. Payment of Outstanding Bonds

Sec. 1501.210.  PAYMENT OF OUTSTANDING BONDS.  After money has been deposited with the bank where the outstanding district bonds are payable, the district or the municipality may pay off any outstanding district bonds if the money and investments that would remain to the credit of the interest and sinking fund are sufficient to provide for the payment of:(1)  all of the remaining outstanding bonds of the district;(2)  the interest on the remaining outstanding bonds of the district to:(A)  the maturity dates of the bonds;  or(B)  the date set by the district for redemption of its bonds;  and(3)  any required redemption premium.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|