Tex. Transp. Code § 315.070 · Subchapter D. PAYMENT OF COSTS
INSTALLMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The governing body may order the assessments payable in not more than six installments and prescribe the amount, time, and manner of payment of the installments.
(b) The last payment may not be deferred beyond the fifth anniversary of the municipality's acceptance of the completed lighting improvement.
(c) The ordinance shall prescribe the rate of interest, not to exceed seven percent a year, to be charged on deferred payments.
(d) The ordinance may provide for the maturity and collection of all deferred payments on the default of an installment of principal or interest.
Notes and commentary — not statutory text
History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.315.htm
- Text hash
- sha256 47e9e401628e524c08a2f6fd26bd2a31965af8d5e09d7d3a64589727150bc041
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.