Tex. Transp. Code § 454.027 · Subchapter B. REVENUE BONDS AND NOTES
OPERATING EXPENSES AS LIEN ON REVENUE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If the revenue of a mass transportation system is encumbered under this chapter, the expenses of operation and maintenance, including all salaries, labor, materials, interest, repairs, and extensions necessary to render efficient service and each proper item of expense, are a first lien against the revenues. The expense of an extension may be a lien prior to an existing lien only if:
(1) the governing body of the municipality considers the extension necessary to keep the system in operation and render adequate service to the municipality and its inhabitants; or
(2) the extension is necessary to meet a condition that would otherwise impair the original securities.
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.454.htm
- Text hash
- sha256 ce1d0e61509627db0476a2c8c1fe53589c02aa04750f40dba9c7cf3e48252fbc
- 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.