Texas Transportation Code

§ 284.031 — BONDS AUTHORIZED

TN § 284.031Title 6. ROADWAYS · Part D. ROAD LAWS RELATING TO PARTICULAR COUNTIES · Ch. 284. CAUSEWAYS, BRIDGES, TUNNELS, TURNPIKES, FERRIES, AND HIGHWAYS IN CERTAIN COUNTIES · Art. B. BOND PROVISIONS

Statute text

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(a)A county may issue bonds for a project under this chapter that are secured:

(1)solely by the pledge of the gross or net revenues of a project;

(2)by a pledge of:

(A)an ad valorem tax under Section 9, Article VIII, Texas Constitution; or

(B)an unlimited ad valorem tax authorized by Section 52, Article III, Texas Constitution;

(3)by designating part of the bonds to be secured solely by a pledge of project revenues and part of the bonds to be secured by pledge of the ad valorem tax; or

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Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.