Tex. Transp. Code § 367.006 · Subchapter A. GENERAL AUTHORITY RELATING TO TOLL BRIDGES
INTERIM FINANCING.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Pending the issuance of revenue bonds under this subchapter, a municipality may:
(1) spend, in connection with a toll bridge, money that is not required by law to be used for another purpose; or
(2) issue notes for an expenditure described by Subdivision (1).
(b) A municipality may use proceeds of revenue bonds issued under this subchapter to repay money spent under Subsection (a).
(c) Notes issued under Subsection (a) may have any characteristic the governing body considers appropriate and:
(1) bear rates of interest, be payable from available sources, and be secured in the same manner as revenue bonds issued under this subchapter; or
(2) be payable from:
(A) the proceeds of refunding bonds issued under this subchapter; or
(B) both revenue bonds and refunding bonds.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, 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/TN/htm/TN.367.htm
- Text hash
- sha256 5d2c6922ee8859c8d23e39c9369193f1da617aa6a4e616b15f40ead00474ef48
- 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.