Texas Transportation Code

§ 460.404 — FUNDING

TN § 460.404Title 6. ROADWAYS · Part K. MASS TRANSPORTATION · Ch. 460. COORDINATED COUNTY TRANSPORTATION AUTHORITIES · Art. F. MANAGEMENT OF AUTHORITY

Statute text

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(a)An authority may request funds for its operation from a municipality, the commissioners court, or both a municipality and the commissioners court. The request shall be accompanied by a budget.

(b)Funds appropriated to an authority are subject to audit.

(c)Federal funds or grants may be used to offset the authority's annual cost of debt service.

(d)An authority may accept gifts, grants, donations, receipts, or funds from any source to carry out its powers and duties under this chapter.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1186, Sec. 1, eff. Sept. 1, 2001. Amended by Acts 2003, 78th Leg., ch. 306, Sec. 7, eff. Sept. 1, 2003.