Texas Government Code 1473.266 – Pledge of Revenue
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Terms Used In Texas Government Code 1473.266
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Bonds issued under this subchapter must be payable from, and secured by a pledge of, the net revenue of the county’s operation of the parking facility. The bonds may be payable from any other revenue incident to the ownership of the parking facility, including money received from a lease of the facility.