Tex. Transp. Code § 228.105 · Subchapter C. TOLL REVENUE BONDS
SOURCES OF PAYMENT OF AND SECURITY FOR TOLL REVENUE BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Notwithstanding any other provisions of this subchapter, toll revenue bonds issued by the commission may:
(1) be payable from and secured by:
(A) payments made under an agreement with a local governmental entity as provided by Section 228.254;
(B) the proceeds of bonds issued for the toll project or system;
(C) amounts deposited in a debt service reserve fund as required by the trust agreement securing bonds issued for the project or system; or
(D) surplus revenue of another toll project or system as authorized by Section 228.006; and
(2) state on their faces any pledge of revenue or taxes and any security for the bonds under the agreement.
Notes and commentary — not statutory text
History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 2003, 78th Leg., ch. 312, Sec. 25, eff. June 18, 2003; Acts 2003, 78th Leg., ch. 1325, Sec. 15.25, eff. June 21, 2003; Acts 2003, 78th Leg., 3rd C.S., ch. 8, Sec. 1.07, eff. Jan. 11, 2004.
Transferred from Transportation Code, Section 361.174 and amended by Acts 2005, 79th Leg., Ch. 281 (H.B. 2702), Sec. 2.42, eff. June 14, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.228.htm
- Text hash
- sha256 c3d712a11bb416a4467024a653969a745eae3ff27d3b40c6a753b54633316cca
- 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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