Texas Government Code 1502.059 – Transfer of Revenue to General Fund
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Terms Used In Texas Government Code 1502.059
- Deed: The legal instrument used to transfer title in real property from one person to another.
Notwithstanding § 1502.058(a) or a similar law or municipal charter provision, a municipality and its officers and utility trustees may transfer to the municipality’s general fund and may use for general or special purposes revenue of any municipally owned utility system in the amount and to the extent authorized in the indenture, deed of trust, or ordinance providing for and securing payment of public securities issued under this chapter or similar law.