Texas Transportation Code

§ 431.1015 — CORPORATIONS OF CERTAIN COUNTIES FOR TOLL PROJECTS

TN § 431.1015Title 6. ROADWAYS · Part I. TRANSPORTATION CORPORATIONS · Ch. 431. TEXAS TRANSPORTATION CORPORATION ACT · Art. D. LOCAL GOVERNMENT CORPORATIONS

Statute text

View on source

(a)Notwithstanding Chapter 284 or any other law, a county with a population of more than four million may not create a local government corporation under this chapter to develop, construct, operate, manage, or finance a toll project or system located in the county.

(b)An existing local government corporation created by a county described by Subsection (a) for the purposes described by that subsection:

(1)may not:

(A)undertake any new bonds, notes, or other obligations or extend the terms of any existing bonds, notes, or other obligations; or

(B)enter into any new contracts or extend the terms of any existing contracts; and

(2)must be dissolved when all bonds, notes, and other obligations and contracts of the corporation have been satisfied.

…

Legislative history

Acts 2011, 82nd Leg., R.S., Ch. 654 (S.B. 1120), Sec. 1, eff. June 17, 2011.