Tex. Transp. Code § 364.046 · Subchapter C. BONDS AND FINANCES
MORTGAGE OR PLEDGE OF REVENUE TO SECURE BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
To accomplish any of the purposes of this chapter, a county authorized to issue bonds under this chapter with respect to those bonds may:
(1) mortgage or pledge:
(A) all or part of any interest in the county's toll bridge or bridges, together with any associated right or property described by Section 364.002, or any other property acquired or to be acquired with the bonds or the proceeds of the sale of the bonds; or
(B) all or part of the net or gross revenues of any property described by Paragraph (A);
(2) secure the payment of the principal and interest on the bonds and of the sinking fund and reserve fund agreed to be established in connection with the bonds; and
(3) enter into any covenant or agreement with the purchasers of the bonds or any person on behalf of those purchasers with respect to the bonds to secure the payments described by Subdivision (2) and to provide rights and remedies to the purchasers or holders of the bonds or any person on their behalf as the commissioners court may provide by order or resolution.
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.364.htm
- Text hash
- sha256 efe42fafdbc52ad103cd5f79336736c9d69a034bfa454281c220a932c803af0e
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
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.