Use of Revenue

Tex. Special District Local Laws Code § 3967.0706, under Chapter 3967. Wood Trace Management District of Montgomery County, Texas.

Tex. Special District Local Laws Code § 3967.0706

Sec. 3967.0706. USE OF REVENUE. The district may use revenue from the hotel occupancy tax for any district purpose that is an authorized use of hotel occupancy tax revenue under Chapter 351 or 352, Tax Code. The district may pledge all or part of the revenue to the payment of bonds, notes, or other obligations and that pledge of revenue may be in combination with other revenue available to the district. Added by Acts 2019, 86th Leg., R.S., Ch. 1254 (H.B. 4644), Sec. 1, eff. June 14, 2019.