Tex. Gov't Code § 1505.113 · Subchapter C. OBLIGATIONS FOR TOLL BRIDGES AND OTHER FACILITIES IN CERTAIN COASTAL MUNICIPALITIES
CONVERSION OF BRIDGE OR TUNNEL TO TOLL BRIDGE OR TUNNEL.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The governing body of a municipality by ordinance may convert a bridge or tunnel to a toll bridge or tunnel if:
(1) the bridge or tunnel is owned or operated by the municipality; and
(2) the governing body finds that it is not necessary or practicable to construct a toll bridge or tunnel under this subchapter.
(b) The governing body, if authorized at the election ordered by the governing body on the issuance of the obligations:
(1) may set and collect tolls for the use of the toll bridge or tunnel in amounts determined by the governing body to be reasonable and sufficient, when combined with other revenue and income from a project, to pay the principal of and interest on obligations issued under this subchapter as they mature; and
(2) shall deposit money received under Subdivision (1) to the credit of the interest and sinking fund account and shall use the money only to pay the principal of and interest on the obligations.
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 8b579bf7bc84a2f19675b9d018292c68b526b35c5eca993da85280317062648a
- 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
Cited by 1 provision
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