Tex. Transp. Code § 172.207 · Subchapter E. POWERS AND DUTIES RELATING TO ACQUISITION, CONSTRUCTION, AND OPERATION OF RAIL FACILITIES
COMPENSATION FOR USE OF SYSTEM FACILITIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A district shall establish and maintain reasonable and nondiscriminatory rents or other compensation for the use of the facilities of the system acquired, constructed, operated, regulated, or maintained by the district.
(b) Together with grants received by the district, the rents or other compensation must be sufficient to produce revenue adequate to:
(1) pay all expenses necessary for the operation and maintenance of the district's property and facilities;
(2) pay the principal of and interest on all bonds issued by the district payable wholly or partly from the revenue, as they become due and payable; and
(3) fulfill the terms of agreements made with the holders of bonds or with any person on their behalf.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.04, eff. April 1, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.172.htm
- Text hash
- sha256 d6b37e2776cb0c703792c87edd28024ad4aa2fd2cf193543081b28cdc25366f7
- 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
Provisions in this library whose text cites Tex. Transp. Code § 172.207. Each shows the citation as that text prints it.
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