Tex. Transp. Code § 452.362 · Subchapter H. BONDS
ELECTION TO PLEDGE TAXES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The executive committee may order an election to authorize the pledge of sales and use tax revenue to the payment of a specified amount of long-term bonds for the authority's public transportation system.
(b) Sales and use tax revenue at a rate higher than the previously approved rate may not be pledged.
(c) The notice of election shall be published, the proposition and ballot prepared, and the election held in accordance with and at the times permitted by the law applicable to a municipal bond election. The authority may publish, or distribute in another manner, additional copies of the election order to inform the voters fully of its content.
(d) If the proposition is approved, the authority may issue bonds in an amount not exceeding the amount approved.
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.452.htm
- Text hash
- sha256 33c529b903bfa2fedf1c2240d71557b2ee651abd519abd033d760765ed7a7184
- 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 2 provisions
Provisions in this library whose text cites Tex. Transp. Code § 452.362. Each shows the citation as that text prints it.
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.