Sec. 1505.211. TRANSFER OF PLEDGED REVENUE. (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.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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