Notwithstanding Section 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.
Tex. Gov't Code § 1502.059
TRANSFER OF REVENUE TO GENERAL FUND
Applied in 2 court decisions — leading case San Antonio Water System v. Beatriz Smith (2014)
Most recently applied in San Antonio Water System v. Beatriz Smith (September 2014)
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.