Texas Transportation Code

§ 284.040 — EFFECT OF LIEN

TN § 284.040Title 6. ROADWAYS · Part D. ROAD LAWS RELATING TO PARTICULAR COUNTIES · Ch. 284. CAUSEWAYS, BRIDGES, TUNNELS, TURNPIKES, FERRIES, AND HIGHWAYS IN CERTAIN COUNTIES · Art. B. BOND PROVISIONS

Statute text

View on source

(a)A lien on or a pledge of revenue from a project under this chapter or on a reserve, replacement, or other fund established in connection with a bond issued under this chapter:

(1)is enforceable at the time of payment for and delivery of the bond;

(2)applies to an item on hand or subsequently received;

(3)applies without physical delivery of an item or other act; and

(4)is enforceable against any person having any claim, in tort, contract, or other remedy, against the county without regard to whether the person has notice of the lien or pledge.

(b)A bond resolution is not required to be recorded except in the regular records of the county.

Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.