Sec. 1503.001. AUTHORITY TO ISSUE REVENUE BONDS. (a) A municipality by ordinance may issue revenue bonds to:
(1) establish, improve, enlarge, extend, or repair:
(A) an airport of the municipality; or
(B) a building, improvement, landing field, or other facility or service the municipality considers necessary, desirable, or convenient for the efficient operation and maintenance of an airport; or
(2) acquire land for an airport.
(b) The municipality shall issue the bonds in the manner provided by Subchapter C.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.