Tex. Transportation Code § 365.038: COUNTY PAYMENTS RELATING TO DISTRICT BONDS.
Where this section sits in the code
- TRANSPORTATION CODE
- TITLE 6. ROADWAYS
- SUBTITLE G. TURNPIKES AND TOLL PROJECTS
- CHAPTER 365. ROAD DISTRICT TOLL ROADS
- SUBCHAPTER C. FINANCIAL PROVISIONS
(a) A county in which a district is located may pay:
(1) part of the principal or redemption price of or interest on the district's bonds; or
(2) the cost of operating or maintaining the district's toll road project.
(b) The county may establish or maintain a reserve fund or a depreciation and replacement fund for the district's bonds or toll road project as a supplement to the district's pledge of revenue for those purposes or instead of a pledge of the district's revenue or taxes.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Collected 2026-08-27T01:47:44Z. Source file · JSON