Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 9. PUBLIC SECURITIES |
Subtitle J. SPECIFIC AUTHORITY FOR MUNICIPALITIES TO ISSUE SECURITIES |
Chapter 1508. OBLIGATIONS FOR MUNICIPAL PARKS, RECREATIONAL FACILITIES, AND AIRPORTS |
Subchapter A. OBLIGATIONS FOR PARKS, RECREATIONAL FACILITIES, AND AIRPORTS |
Sec. 1508.001. AUTHORITY FOR PARKS, RECREATIONAL FACILITIES, AND AIRPORTS
Latest version.
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(a) A municipality may:
(1) construct, purchase, or encumber:
(A) a park, swimming pool, golf course, golf course clubhouse, or ballpark;
(B) a fairground or an exposition building;
(C) an airport; or
(D) land on which a facility described by Paragraphs (A)-(C) is located; or
(2) encumber anything acquired or to be acquired that relates to a facility or land constructed or purchased under Subdivision (1).
(b) A municipality may secure the payment of funds to construct, purchase, or equip a facility or land described by Subsection (a)(1).
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.