Tex. Local Government Code § 334.2516
This is the official text of Tex. Local Government Code § 334.2516, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 334.2516. USE OF REVENUE BY CERTAIN MUNICIPALITIES FOR CERTAIN PURPOSES.
Official statutory text
(a) This section applies only to a municipality that:
(1) is located in three counties;
(2) has a population of less than 130,000 as shown by the 2000 federal decennial census; and
(3) acquires by purchase or lease with a term of not less than 20 years an interest in real property that by the terms of the acquisition is required to be maintained as park property.
(b) A municipality may use revenue under this subchapter to acquire, construct, improve, and equip a venue project that is a convention center facility or related infrastructure to be constructed on real property described by Subsection (a)(3). In addition, the municipality may pledge the revenue to the payment of bonds or other obligations the municipality issues to finance the convention center facility infrastructure.
(1) is located in three counties;
(2) has a population of less than 130,000 as shown by the 2000 federal decennial census; and
(3) acquires by purchase or lease with a term of not less than 20 years an interest in real property that by the terms of the acquisition is required to be maintained as park property.
(b) A municipality may use revenue under this subchapter to acquire, construct, improve, and equip a venue project that is a convention center facility or related infrastructure to be constructed on real property described by Subsection (a)(3). In addition, the municipality may pledge the revenue to the payment of bonds or other obligations the municipality issues to finance the convention center facility infrastructure.
Status: in_force · Read it on the official government site
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