{"data":{"id":"us-tx/tex.-government-code-1503.152","jurisdiction":"us-tx","citation":"Tex. Government Code § 1503.152","heading":"PLEDGE OF INCOME.","body":"A municipality may pledge the income from its airport and anything the municipality acquires relating to the airport to secure the payment of money to:\n(1) purchase the airport; or\n(2) construct, improve, enlarge, extend, or repair a permanent improvement, including a building, repair shop, or other structure.\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 D. ENCUMBRANCE OF AIRPORTS IN MUNICIPALITIES WITH POPULATION OF MORE THAN 160,000"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1503.htm#1503.152","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"5dc28b8d588b37471a694dfea54b113d483110c996bb3bb776ea0e4cefa30afe","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1503.151","next":"us-tx/tex.-government-code-1503.153"},"notice":"GroundRules: Original legal text. Not legal advice."}