Sec. 1503.152. PLEDGE OF INCOME. 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.
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