Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 10. GENERAL GOVERNMENT |
Subtitle G. ECONOMIC DEVELOPMENT PROGRAMS INVOLVING BOTH STATE AND LOCAL GOVERNMENTS |
Chapter 2306. TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS |
Subchapter G. HOUSING FINANCE DIVISION: GENERAL POWERS AND DUTIES OF BOARD |
Sec. 2306.144. FEES FOR SERVICES AND FACILITIES; PAYMENT OF DEPARTMENT OBLIGATIONS AND EXPENSES
Latest version.
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(a) It is the duty of the board to establish and collect sufficient fees for services and facilities.
(b) The board shall use available sources of revenue, income, and receipts to:
(1) pay all expenses of the department's operation and maintenance;
(2) pay the principal and interest on department bonds; and
(3) create and maintain the reserves or funds provided by each resolution authorizing the issuance of department bonds.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.