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Texas Laws | Government Code
GOVERNMENT CODE
TITLE 9. PUBLIC SECURITIES

(a) A county or municipality may donate to a general academic teaching institution a permanent improvement acquired, constructed, or improved by the county, by the municipality, or by the county and the municipality jointly. (77480)

(b) The donation is not subject to any law of this state governing the disposition of property owned by a county or municipality. (77481)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (77482)

Sec. 1434.102. USE OF PERMANENT IMPROVEMENTS. (77483)(Text)

(a) A municipality may allow a state four-year institution of higher education or a university system to use land or buildings acquired by the municipality. (77484)

(b) This section does not apply to an institution of higher education that is supported in any way by revenue from a local tax base. (77485)

(c) A use under this section is a municipal purpose and a public use for the municipality. (77486)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (77487)

CHAPTER 1435. BONDS FOR PARKS AND FAIRGROUND FACILITIES IN CERTAIN MUNICIPALITIES AND COUNTIES (77488)(Text)
Sec. 1435.001. APPLICABILITY OF CHAPTER; JOINT MUNICIPAL AND COUNTY ACTION. (77489)(Text)

(a) This chapter applies only to: (77490)

(1) a municipality with a population greater than 550,000; (77491)

(2) a county with a population greater than 550,000; or (77492)

(3) a municipality described by Subdivision (1) and a county described by Subdivision (2) acting together. (77493)

(b) A provision of this chapter that applies to a municipality or county also applies to a municipality and county acting together. (77494)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (77495)

Sec. 1435.002. DEFINITION. (77496)(Text)

In this chapter, "park facility" means a building, improvement, or structure owned by a municipality or county and used in a municipal or county park or fairground for exhibits, concessions, or entertainment. (77497)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (77498)

Sec. 1435.003. AUTHORITY FOR PARK FACILITIES. (77499)(Text)

A municipality or county may: (77500)

(1) construct, acquire, repair, improve, or enlarge a park facility; or (77501)

(2) acquire additional land, if needed, for a park facility. (77502)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (77503)

Sec. 1435.004. LEASE OR CONTRACT FOR OPERATION OF PARK FACILITIES. (77504)(Text)

A municipality or county may enter a lease or contract for the operation of one or more of its park facilities. (77505)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (77506)

SUBCHAPTER B. BONDS (77507)(Text)
Sec. 1435.051. AUTHORITY TO ISSUE REVENUE BONDS. (77508)(Text)

(a) To obtain money for a purpose described by Section 1435.003, the governing body of a municipality or county may, without an election, issue revenue bonds payable from and secured by a pledge of the net revenue from one or more of its park facilities or from leases of or contracts for the operation of the park facilities. (77509)

(b) A bond issued under this chapter must state on its face substantially the following: "The holder of this bond is not entitled to demand payment of this bond out of money raised by taxation." (77510)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (77511)

Sec. 1435.052. MATURITY. (77512)(Text)

A bond issued under this chapter must mature within 40 years. (77513)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (77514)

Sec. 1435.053. DUTY OF GOVERNING BODY. (77515)(Text)

While the bonds are outstanding, the governing body of the municipality or county shall: (77516)

(1) enforce each lease or contract entered under Section 1435.004 and impose adequate fees, charges, and rentals to assure payment of the principal of and interest on the bonds as they become due; and (77517)

(2) establish and maintain the funds as provided by the ordinance authorizing the issuance of the bonds. (77518)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (77519)

Sec. 1435.054. EXECUTION OF BONDS. (77520)(Text)

The bonds shall be executed as provided by law for municipal bonds. (77521)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (77522)

SUBTITLE I. SPECIFIC AUTHORITY FOR COUNTIES TO ISSUE SECURITIES (77523)(Text)

CHAPTER 1471. BONDS FOR COUNTY ROADS (77524)(Text)
Sec. 1471.001. APPLICABILITY OF CHAPTER. (77525)(Text)

This chapter applies only to the following political subdivisions: (77526)

(1) a county, including a county operating under a special road tax law; (77527)

(2) a commissioners precinct or a justice precinct of a county; and (77528)

(3) a road district. (77529)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (77530)

Sec. 1471.002. CONFLICTS OF LAW. (77531)(Text)

To the extent of a conflict between this chapter and Chapter 1204, Chapter 1204 controls. (77532)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. (77533)

Sec. 1471.011. AUTHORITY TO ISSUE ROAD BONDS. (77534)(Text)

(a) In this section, "bonds" includes tax anticipation notes, bond anticipation notes, and other obligations. (77535)

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