PLEDGE OF INCOME.

Tex. GOV'T Code § 1503.152.
in effect
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A municipality may pledge the income from its airport and anything the municipality acquires relating to the airport to secure the payment of money to: (1) purchase the airport; or (2) construct, improve, enlarge, extend, or repair a permanent improvement, including a building, repair shop, or other structure. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026