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Tex. Gov't Code § 1505.211

TRANSFER OF PLEDGED REVENUE

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff

(a) A municipality may, in the bond authorization, transfer pledged revenue from the harbor improvement or facility to the general fund of the municipality.

(b) The transferred revenue:

(1) must be in the amount authorized in the bond authorization; and

(2) to the extent authorized in the bond authorization, may be used for general or special purposes.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.