Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 1509.901: PLEDGE OF REVENUE FROM TOLL BRIDGE CONTRACT.

Where this section sits in the code

GOVERNMENT CODE
TITLE 9. PUBLIC SECURITIES
SUBTITLE J. SPECIFIC AUTHORITY FOR MUNICIPALITIES TO ISSUE SECURITIES
CHAPTER 1509. OBLIGATIONS FOR OTHER MUNICIPAL PURPOSES
SUBCHAPTER Z. MISCELLANEOUS PROVISIONS

A municipality that receives revenue because of a contract with another municipality relating to the operation of a toll bridge over the Rio Grande may appropriate or pledge all or any part of that revenue to:

(1) redeem or pay the principal of or interest on any bond, note, or warrant that the municipality is authorized to issue; or

(2) retire any other debt the municipality is authorized to incur.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Collected 2026-08-27T01:47:16Z. Source file · JSON

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