{"data":{"id":"us-tx/tex.-government-code-1501.051","jurisdiction":"us-tx","citation":"Tex. Government Code § 1501.051","heading":"AUTHORITY TO USE UTILITY REVENUE FOR SINKING FUND OR INTEREST PAYMENTS.","body":"(a) The governing body of a municipality may appropriate the net revenue from any municipal public utility system, service, or enterprise, in the amount that the governing body determines is in the best interest of the municipality, to:\n(1) the credit of the sinking fund for any bonded debt incurred because of the utility system, service, or enterprise; or\n(2) the payment of any interest on the bonded debt incurred because of that utility system, service, or enterprise.\n(b) A governing body that makes an appropriation under Subsection (a) must make the appropriation:\n(1) at the end of the municipality's fiscal year; and\n(2) before the governing body adopts a tax rate for that fiscal year.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.","path":["GOVERNMENT CODE","TITLE 9. PUBLIC SECURITIES","SUBTITLE J. SPECIFIC AUTHORITY FOR MUNICIPALITIES TO ISSUE SECURITIES","CHAPTER 1501. OBLIGATIONS FOR MUNICIPAL UTILITIES","SUBCHAPTER B. APPLICATION OF UTILITY SYSTEM REVENUE TO BONDED DEBT ON SYSTEM"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1501.htm#1501.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"af7c825d53303efee4f31605205ef85def8f9c2f1dd15a6bfdb73ec5d49d3761","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1501.007","next":"us-tx/tex.-government-code-1501.052"},"notice":"GroundRules: Original legal text. Not legal advice."}