Texas Transportation Code

§ 367.008 — PLEDGE OF REVENUE

TN § 367.008Title 6. ROADWAYS · Part G. TURNPIKES AND TOLL PROJECTS · Ch. 367. MUNICIPAL TOLL BRIDGES OVER RIO GRANDE · Art. A. GENERAL AUTHORITY RELATING TO TOLL BRIDGES

Statute text

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A municipality may pledge to the payment of bonds issued under this subchapter, including the principal of, interest on, and any other amount required or permitted to be paid in connection with the bonds, all or any part of its revenue, income, or receipts from:

(1)a toll or charge authorized by Section 367.011; or

(2)another resource.

Legislative history

Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.