Texas Transportation Code
§ 365.039 — COUNTY BONDS AND CERTIFICATES OF OBLIGATION
TN § 365.039Title 6. ROADWAYS · Part G. TURNPIKES AND TOLL PROJECTS · Ch. 365. ROAD DISTRICT TOLL ROADS · Art. C. FINANCIAL PROVISIONS
Statute text
View on sourceA county may authorize, issue, and sell its bonds or certificates of obligation and use the proceeds to:
(1)call, redeem, and retire a district's outstanding bonds;
(2)remove the pledge of the revenue from a district's toll road project or other road, street, or highway project and the district's convenants in connection with the bonds and toll road project; and
(3)make the toll road project available for use of the public free from tolls and charges.
Legislative history
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.