Texas § TX.351.1065 - ALLOCATION OF REVENUE
Full text of Texas The Texas Constitution § TX.351.1065 — ALLOCATION OF REVENUE, with citation guidance and answers to common questions.
§ TX.351.1065. ALLOCATION OF REVENUE
ALLOCATION OF REVENUE: ELIGIBLE CENTRAL MUNICIPALITY. (a) An eligible central municipality shall use the amount of revenue from the tax that is derived from the application of the tax at a rate of more than seven percent of the cost of a room only for: (1) the construction of an expansion of an existing convention center facility; (2) a qualified project to which Section 351.1015 applies; and (3) pledging payment of revenue bonds and revenue refunding bonds issued under Subchapter A , Chapter 1504 , Government Code, for the construction or qualified project. (b) Any interest income derived from the application of the tax at a rate of more than seven percent of the cost of a room may be used only for the purposes provided by this section. (c) An eligible central municipality expending tax revenue under this section shall attempt to include minority-owned businesses in the issuance of at least 32 percent of the total dollar value of the bonds issued, and in at least 32 percent of the total fees paid by the issuer, in connection with the construction. Added by Acts 1993, 73rd Leg., ch. 620, Sec. 3, eff. Aug. 30, 1993. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.369, eff. Sept. 1, 2001. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 127 (S.B. 748 ), Sec. 2, eff. September 1, 2013.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § TX.351.1065
What does The Texas Constitution § TX.351.1065 cover?
Section TX.351.1065 ("ALLOCATION OF REVENUE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § TX.351.1065?
A common citation format is "The Texas Constitution § TX.351.1065" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TX.351.1065 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.