Charges

Sec. 1432.012. CHARGES. (a) The governing body of a local government may impose and collect charges for the use or availability of a facility authorized by this chapter. (b) A local government shall impose and collect pledged charges in an amount that will be at least sufficient, with any other pledged resources, to provide for the payment of: (1) the principal of, interest on, and any other amounts required in connection with the bonds; and (2) to the extent required by the bond authorization: (A) expenses incurred in connection with the bonds; and (B) operation, maintenance, and other expenses incurred in connection with the facility. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.