{"data":{"id":"us-tx/tex.-government-code-1505.159","jurisdiction":"us-tx","citation":"Tex. Government Code § 1505.159","heading":"USE OF REVENUE.","body":"Except as provided by Section 1505.160, a municipality may only use the gross revenue of a fish market acquired or constructed under this subchapter:\n(1) to pay the expenses of operating and maintaining the market;\n(2) after payment of operating and maintenance expenses, to pay the principal of and interest on any obligation issued to acquire or construct the market; and\n(3) after payment of operating and maintenance expenses and debt service, to:\n(A) redeem any obligation issued to acquire or construct the market before maturity; or\n(B) invest in any security specified in a contract under which money for the acquisition or construction of the market is provided to the municipality.\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 1505. OBLIGATIONS FOR COASTAL MUNICIPALITIES FOR COASTAL MATTERS","SUBCHAPTER D. OBLIGATIONS FOR FISH MARKETS BY CERTAIN COASTAL MUNICIPALITIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1505.htm#1505.159","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"c1036e54831276c15e285ec2425e6fa8a151e36ac94ffd7aec9d46c75d5e8fef","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1505.158","next":"us-tx/tex.-government-code-1505.160"},"notice":"GroundRules: Original legal text. Not legal advice."}