reglab/housing_qa huggingface dataset:
TX Govt Code § 1504.265 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1504 - Obligations for Municipal Buildings|Subchapter F. Revenue Bonds for Cultural Facilities in Home-Rule Municipalities With Population of 1.2 Million or More|Section 1504.265. Use of Bond Proceeds

Sec. 1504.265.  USE OF BOND PROCEEDS.  From the proceeds of bonds issued under this subchapter, a municipality may appropriate or set aside amounts:(1)  to pay interest and administrative and operating expenses expected to accrue during the period of construction;(2)  to be deposited into the reserve fund as provided in the ordinance authorizing the issuance of the bonds;  and(3)  to pay all expenses incurred in the issuance, sale, and delivery of the bonds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1504.266 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1504 - Obligations for Municipal Buildings|Subchapter F. Revenue Bonds for Cultural Facilities in Home-Rule Municipalities With Population of 1.2 Million or More|Section 1504.266. Charges for Services

Sec. 1504.266.  CHARGES FOR SERVICES.  The governing body of the municipality shall impose and collect charges for the use of a cultural or parking facility the revenue of which is pledged to secure bonds issued under this subchapter, and for services provided in connection with that use, in amounts at least sufficient to comply with each covenant or provision in the ordinance authorizing the issuance of the bonds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1504.267 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1504 - Obligations for Municipal Buildings|Subchapter F. Revenue Bonds for Cultural Facilities in Home-Rule Municipalities With Population of 1.2 Million or More|Section 1504.267. Use of Revenue

Sec. 1504.267.  USE OF REVENUE.  (a)  A municipality shall use revenue derived from that portion of mixed beverage tax receipts authorized to be pledged under Section 1504.256 for the purposes described by Sections 1504.252 and 1504.258, including the pledge of that revenue to the payment of bonds issued for a purpose described by Section 1504.252.(b)  Amounts received by a municipality from that portion of the mixed beverage tax receipts authorized to be pledged under Section 1504.256 and pledged to the payment of bonds as provided by Subsection (a) that exceed the amounts required by the ordinance under which the bonds are issued may be used for any other purpose described by Section 1504.252 or 1504.258.  The governing body of the municipality may determine that any remaining amounts are excess money and may use those amounts for any lawful purpose if that use does not violate an ordinance adopted by the governing body in connection with the issued bonds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1504.268 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle J - Specific Authority for Municipalities to Issue Securities|Chapter 1504 - Obligations for Municipal Buildings|Subchapter F. Revenue Bonds for Cultural Facilities in Home-Rule Municipalities With Population of 1.2 Million or More|Section 1504.268. Conflict or Inconsistency With Municipal Charter

Sec. 1504.268.  CONFLICT OR INCONSISTENCY WITH MUNICIPAL CHARTER.  To the extent of a conflict or inconsistency 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 § 1505.001 (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 A. Bonds for Harbor Improvements in Municipalities Bordering Gulf of Mexico|Section 1505.001. Applicability of Subchapter

Sec. 1505.001.  APPLICABILITY OF SUBCHAPTER.  This subchapter applies only to a municipality that borders the Gulf of Mexico.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.002 (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 A. Bonds for Harbor Improvements in Municipalities Bordering Gulf of Mexico|Section 1505.002. Authority to Issue Bonds for Harbor Improvements

Sec. 1505.002.  AUTHORITY TO ISSUE BONDS FOR HARBOR IMPROVEMENTS.  A municipality may issue bonds necessary to improve or aid the improvement of a harbor of the municipality or a bar at the entrance of the harbor.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.003 (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 A. Bonds for Harbor Improvements in Municipalities Bordering Gulf of Mexico|Section 1505.003. Amount of Bonds

Sec. 1505.003.  AMOUNT OF BONDS.  A municipality may issue bonds under this subchapter in an amount:(1)  the municipality considers necessary;  and(2)  that does not exceed a limit on debt set by the municipal charter.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.004 (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 A. Bonds for Harbor Improvements in Municipalities Bordering Gulf of Mexico|Section 1505.004. Surplus Bonds

Sec. 1505.004.  SURPLUS BONDS.  A municipality may sell any available bonds not needed for the purpose for which the bonds were issued to improve or aid the improvement of a harbor of the municipality or a bar at the entrance of the harbor.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.051 (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 1505.051. Applicability of Subchapter

Sec. 1505.051.  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 municipality.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.052 (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 1505.052. Definition

Sec. 1505.052.  DEFINITION.  In this subchapter, "project" means:(1)  a facility purchased, constructed, improved, enlarged, or repaired by a municipality as described by Section 1505.053;  and(2)  land acquired or improved by a municipality as described by Section 1505.053.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.053 (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 1505.053. Authority for Navigational Facilities

Sec. 1505.053.  AUTHORITY FOR NAVIGATIONAL FACILITIES.  A municipality may:(1)  own, purchase, construct, operate, improve, enlarge, repair, or maintain a bridge over or across any stream, inlet, or arm of the Gulf of Mexico or entrance canal to the deepwater port of the municipality that connects any of the public streets, highways, or thoroughfares of the municipality;(2)  own, purchase, construct, repair, maintain, operate, or lease:(A)  a wharf, pier, pavilion, or boathouse;  or(B)  a dam, dyke, or spillway with a road or bridge on or over it to create a freshwater supply basin for domestic, irrigation, and other purposes in the navigation district in which the municipality is located or in a county adjacent to the freshwater basin;(3)  acquire, reclaim, reconstruct, or fill in any submerged land along the waterfront of the municipality and construct, operate, or maintain a water main, gas main, storm sewer, sanitary sewer, sidewalk, street, or similar improvement in connection with that land;(4)  construct a seawall, breakwater, or other shore protection to protect the waterfront of the municipality;  and(5)  construct, reconstruct, maintain, operate, or dredge a channel in connection with a deepwater port in aid of navigation within the municipality.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.054 (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 1505.054. Authority to Issue Bonds

Sec. 1505.054.  AUTHORITY TO ISSUE BONDS.  A municipality may borrow money and by ordinance may issue bonds for a purpose described by Section 1505.053.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.055 (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 1505.055. Authority to Borrow From United States

Sec. 1505.055.  AUTHORITY TO BORROW FROM UNITED STATES.  (a)  To construct and maintain a project, a municipality may borrow money from the United States or an agency of the United States created for the purpose of making such a loan.(b)  To obtain the loan, a municipality may encumber:(1)  the property and facilities of the project acquired or to be acquired;(2)  the revenue and income from the operation of the project acquired or to be acquired;  and(3)  anything relating to the project acquired or to be acquired.(c)  As additional security for the loan, the municipality may:(1)  encumber the net revenue and income from the operation of all projects;  and(2)  provide in the encumbrance for a grant, to a purchaser under sale or foreclosure, of a franchise to operate the encumbered project for a term not to exceed 20 years from the date of purchase, subject to all laws regulating the same then in force.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.056 (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 1505.056. Payment of Bonds

Sec. 1505.056.  PAYMENT OF BONDS.  The principal of and interest on bonds issued under this subchapter are payable solely from revenue, including rents and other charges received from any reclaimed or reconstructed land, derived from the project for which the bonds were issued.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.057 (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 1505.057. Encumbrance as Additional Security

Sec. 1505.057.  ENCUMBRANCE AS ADDITIONAL SECURITY.  (a)  As additional security for the payment of the principal of and interest on bonds issued under this subchapter, a municipality may encumber any part or all of a project undertaken with funds derived from the bonds.(b)  An encumbrance entered into under this section:(1)  may provide for a grant, to a purchaser under sale or foreclosure, of a franchise to operate the encumbered project for a term not to exceed 20 years from the date of purchase, subject to all laws regulating the same then in force;  and(2)  shall:(A)  provide for a trustee to enforce foreclosure;  and(B)  provide the municipality with the option at any five-year period within the 20-year term after purchase to repurchase a project, other than reclaimed land acquired by an individual purchaser, under reasonable terms and at a reasonable price stated in the encumbrance.(c)  Subject to Section 1505.076, the governing body of the municipality shall manage and control a project while it is encumbered under this section.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.058 (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 1505.058. Additional Security for Project Related to Acquisition or Construction of Bridge

Sec. 1505.058.  ADDITIONAL SECURITY FOR PROJECT RELATED TO ACQUISITION OR CONSTRUCTION OF BRIDGE.  As additional security, a municipality that acquires or constructs a bridge using bonds issued under this subchapter may pledge revenue from any project carried out in connection with the acquisition or construction of the bridge, including revenue or income from any submerged land reclaimed or reconstructed and any improvement built on the land, including a water main, gas main, storm sewer, sanitary sewer, sidewalk, or street.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.059 (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 1505.059. Bonds Not Payable From Taxes

Sec. 1505.059.  BONDS NOT PAYABLE FROM TAXES.  (a)  A bond issued under this subchapter:(1)  is not a debt of the municipality within the meaning of any state constitutional or statutory limitation;  and(2)  may not be included in determining the power of the municipality to issue bonds for any purpose authorized by law.(b)  Each bond and coupon issued under this subchapter must state on its face that:(1)  the bond or coupon is issued under this subchapter;(2)  the bond or coupon is not a debt of the municipality within the meaning of any state constitutional or statutory limitation;  and(3)  the holder of the bond or coupon is not entitled to demand payment of the bond or coupon from any money raised by taxation.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.060 (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 1505.060. Estimate of Project Cost; Notice of Intention to Approve Project and Issue Bonds

Sec. 1505.060.  ESTIMATE OF PROJECT COST;  NOTICE OF INTENTION TO APPROVE PROJECT AND ISSUE BONDS.  (a)  Before approving a project under this subchapter, the governing body of the municipality shall:(1)  obtain an estimate of the cost of the project;  and(2)  give notice of its intention to approve the project.(b)  The notice must:(1)  describe the proposed project;(2)  state the estimated cost of the proposed project;(3)  state the amount, location, and use or disposition of any land to be reclaimed;(4)  state the time the governing body proposes to adopt the ordinance authorizing the proposed project and the issuance of the bonds;  and(5)  refer to the right to petition for an election as authorized by Section 1505.061.(c)  The notice must be published in a newspaper of general circulation in the municipality once a week for four consecutive weeks, with the last publication being before the 20th day before the date set for authorization of the proposed project and issuance of the bonds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.061 (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 1505.061. Election

Sec. 1505.061.  ELECTION.  (a)  If, before the time set for action on the ordinance authorizing the proposed project and the issuance of the bonds, a petition is filed with the municipal secretary or municipal clerk requesting an election on the approval of the project and the issuance of the bonds that is signed by at least 100 registered voters of the municipality who are listed on the most recent tax roll of the municipality as owning property, the governing body of the municipality may not approve the project or issue the bonds unless a proposition for the approval of the project and the issuance of the bonds is approved by a majority of the votes cast at an election held for that purpose.(b)  The governing body shall conduct the election in the manner provided by Chapter 1251.(c)  The governing body may hold an election on approval of the project and issuance of the bonds regardless of whether a petition is filed.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.062 (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 1505.062. Contents of Ordinance Authorizing Issuance of Bonds

Sec. 1505.062.  CONTENTS OF ORDINANCE AUTHORIZING ISSUANCE OF BONDS.  (a)  An ordinance authorizing the issuance of bonds for a project under this subchapter must:(1)  briefly describe the proposed project;(2)  state the estimated cost of the project;(3)  include the amount, maximum rate of interest, time and place of payment, and other details in connection with the issuance;(4)  specify:(A)  whether the project is to be operated on the basis of a calendar, operating, or fiscal year;  and(B)  the beginning and ending dates of that year;(5)  provide for:(A)  an operation and maintenance account;  and(B)  a bond and interest redemption fund;  and(6)  contain a substantial description of any franchise provided in an encumbrance entered into under Section 1505.057.(b)  The governing body of the municipality shall covenant in the ordinance, and on the face of each bond issued under this subchapter, to at all times maintain charges for services provided by the project in amounts sufficient to:(1)  pay:(A)  the principal of and interest on the bonds when payable;(B)  administration and operation expenses;  and(C)  expenses necessary to maintain the project;(2)  create the bond and interest redemption fund;  and(3)  fund:(A)  a reserve for depreciation of the project;  and(B)  a reserve for improvements and extensions of the project other than those necessary to maintain the project.(c)  In the ordinance, the municipality may provide for additional bonds for extensions and permanent improvements to the project.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.063 (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 1505.063. Maturity

Sec. 1505.063.  MATURITY.  A bond issued under this subchapter must mature not later than 45 years after its date.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.064 (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 1505.064. Medium of Payment

Sec. 1505.064.  MEDIUM OF PAYMENT.  A bond or coupon issued under this subchapter after October 27, 1977, may be made payable in:(1)  United States currency;  or(2)  gold coin of or equal to the standard of weight and fineness existing on its date of payment.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.065 (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 1505.065. Additional Bonds

Sec. 1505.065.  ADDITIONAL BONDS.  (a)  As provided in the ordinance authorizing the issuance of bonds under this subchapter, the municipality may issue and negotiate additional bonds as necessary.(b)  Additional bonds that are sold are on a parity with bonds of the same issue.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.066 (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 1505.066. Sale of Bonds

Sec. 1505.066.  SALE OF BONDS.  (a)  A municipality shall sell bonds issued under this subchapter in the manner and under the terms that the governing body of the municipality considers to be in the best interest of the municipality.(b)  A municipality may make payments under a contract for a project in bonds issued under this subchapter.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1505.067 (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 1505.067. Deposit of Bond Proceeds

Sec. 1505.067.  DEPOSIT OF BOND PROCEEDS.  The governing body of a municipality that issues bonds under this subchapter shall:(1)  if practicable, require that:(A)  the bond proceeds be deposited in an account in a bank that is a member of the Federal Reserve System;  and(B)  each deposit be secured by direct obligations of the United States that have an aggregate market value at least equal to the amount of proceeds then on deposit;  or(2)  if it is not practicable for the bond proceeds to be deposited as provided by Subdivision (1), deposit the proceeds in a bank or other depository that will secure the deposit to the governing body's satisfaction.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|