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

Tex. Transportation Code § 54.105: LIMITATION ON AGGREGATE AMOUNT OF EXPENSE WARRANTS.

Where this section sits in the code

TRANSPORTATION CODE
TITLE 4. NAVIGATION
SUBTITLE A. WATERWAYS AND PORTS
CHAPTER 54. HARBOR AND PORT FACILITIES IN CERTAIN MUNICIPALITIES
SUBCHAPTER C. OBLIGATIONS

The aggregate amount of expense warrants issued under Section 54.104(a)(2) that are outstanding at any time during a fiscal year may not exceed 50 percent of the difference between:

(1) the revenue of the board budgeted for that fiscal year; and

(2) the principal of and interest on board obligations other than expense warrants to be paid from the revenue of the board during that fiscal year.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 20, eff. Sept. 1, 1999.

Collected 2026-08-27T01:47:44Z. Source file · JSON

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