Texas Transportation Code

§ 317.052 — MANAGEMENT AND CONTROL BY GOVERNING BODY OR BOARD

TN § 317.052Title 6. ROADWAYS · Part E. MUNICIPAL STREETS · Ch. 317. ELIMINATION OF GRADE-LEVEL STREET CROSSINGS BY RAILROAD LINES IN MUNICIPALITIES WITH POPULATION OF MORE THAN 100,000 · Art. B. MANAGEMENT AND CONTROL OF FACILITIES; BOARD OF TRUSTEES

Statute text

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An ordinance authorizing the issuance of revenue bonds under this chapter may provide that while the principal of or interest on the bonds is outstanding, and regardless of whether the facility is encumbered under Section 317.112, management and control of the facility is vested in:

(1)the governing body of the municipality; or

(2)the board of trustees named in the ordinance.

Legislative history

Added by Acts 1999, 76th Leg., ch. 227, Sec. 24, eff. Sept. 1, 1999.