{"data":{"id":"us-tx/tex.-government-code-1503.107","jurisdiction":"us-tx","citation":"Tex. Government Code § 1503.107","heading":"CHARGES FOR SERVICES; RESERVES.","body":"If the governing body of a municipality pledges the revenue of a property or facility of an airport to the payment of bonds issued under this subchapter, the governing body shall impose and collect a charge for services rendered in connection with the use of the property or facility in an amount at least sufficient to:\n(1) provide for the maintenance and operation expenses of the property or facility;\n(2) pay the principal of and interest on the bonds as required by the ordinance authorizing the bonds; and\n(3) provide any reserve fund required by the ordinance authorizing the bonds.\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 1503. OBLIGATIONS FOR MUNICIPAL AIRPORTS","SUBCHAPTER C. REVENUE BONDS FOR AIRPORTS IN MUNICIPALITIES WITH POPULATION OF MORE THAN 70,000"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1503.htm#1503.107","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"909493f20b26b8bb9feae2739cb0e8d7d81ec44aac53ecbd47612a89270e98db","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1503.106","next":"us-tx/tex.-government-code-1503.108"},"notice":"GroundRules: Original legal text. Not legal advice."}