Tex. Gov't Code § 1505.105 · Subchapter C. OBLIGATIONS FOR TOLL BRIDGES AND OTHER FACILITIES IN CERTAIN COASTAL MUNICIPALITIES
SECURITY FOR PAYMENT OF OBLIGATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An obligation issued under this subchapter, and interest on the obligation, must be paid by an appropriation or pledge of all revenue derived from:
(1) one or more projects;
(2) any tolls authorized under Section 1505.113 and collected from the operation of an existing bridge or tunnel; or
(3) both the project and the tolls.
(b) Payment of the obligation may additionally be secured by a mortgage on any project, including a toll bridge or tunnel or reclaimed land.
(c) Any revenue or income derived from one project may be pledged to the payment of an obligation issued to provide for a different project.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1505.htm
- Text hash
- sha256 fe5f796ef863bb9ac920902b6f0440174023d4951f5fa13ea915edfc947f305b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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