Tex. Transp. Code § 54.101 · Subchapter C. OBLIGATIONS
DEFINITION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this subchapter, "net revenue" means the gross revenue derived from the operation of a port improvement or facility the net revenue of which is pledged to the payment of an obligation less:
(1) the reasonable expenses of maintaining and operating the port improvement or facility, including necessary repair, maintenance, and insurance of the port improvement or facility; and
(2) if the municipality pledging the net revenue is a home-rule municipality, any annual payment of the municipality provided for in the charter.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 20, 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.54.htm
- Text hash
- sha256 c7cc97b96fdbf0235e22e3175382274e4b83499d6834eac8baebb95df14b3b28
- 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.