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Texas Statutes (Last Updated: January 4, 2014) |
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GOVERNMENT CODE |
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Title 9. PUBLIC SECURITIES |
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Subtitle J. SPECIFIC AUTHORITY FOR MUNICIPALITIES TO ISSUE SECURITIES |
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Chapter 1506. BONDS FOR MUNICIPAL PARKING AND TRANSPORTATION FACILITIES |
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Subchapter D. REVENUE BONDS FOR PARKING AND TRANSPORTATION FACILITIES IN MUNICIPALITIES WITH POPULATION OF MORE THAN 650,000 |
Sec. 1506.152. AUTHORITY FOR PARKING AND TRANSPORTATION FACILITIES
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(a) A municipality may acquire, lease as lessor or lessee, construct, improve, enlarge, equip, and operate:
(1) an off-street parking facility; or
(2) a terminal or station and related properties and facilities for use by:
(A) passengers, commuters, travelers, shippers, and other members of the public; and
(B) companies or individuals engaged in the business of transporting the public or freight by bus, truck, or rail.
(b) A municipality may create an off-street parking system by combining one or more parking facilities established under Subsection (a) with one or more other parking facilities previously owned by the municipality or acquired under a law other than this subchapter that authorizes the municipality to own and operate parking facilities, whether or not the other facility or facilities are operated in connection with any other municipally owned facility.