Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 9. PUBLIC SECURITIES |
Subtitle I. SPECIFIC AUTHORITY FOR COUNTIES TO ISSUE SECURITIES |
Chapter 1473. OBLIGATIONS FOR COUNTY BUILDINGS |
Subchapter A. BONDS FOR PUBLIC LIBRARIES |
Sec. 1473.007. OPERATING AND LEASING CHARGES
Latest version.
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(a) The commissioners court shall:
(1) establish fees related to the operation of the library building; and
(2) charge rent for the lease of space in the library building.
(b) The court shall establish the fees and rents in amounts to provide revenue sufficient to pay all expenses related to the ownership and operation of the library building, including:
(1) payment of the principal of and interest on bonds issued under this subchapter; and
(2) the creation and maintenance of any required bond reserve fund.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.