Texas Transportation Code

§ 284.065 — POOLED PROJECTS

TN § 284.065Title 6. ROADWAYS · Part D. ROAD LAWS RELATING TO PARTICULAR COUNTIES · Ch. 284. CAUSEWAYS, BRIDGES, TUNNELS, TURNPIKES, FERRIES, AND HIGHWAYS IN CERTAIN COUNTIES · Art. C. CONSTRUCTION AND OPERATION

Statute text

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(a)A commissioners court of a county by resolution may pool two or more projects the county constructs under this chapter.

(b)An existing project may be pooled in whole or in part with a new project or another existing project.

(c)A project may be pooled more than once.

(d)The resolution of the commissioners court establishing a pooled project shall set a date when each of the projects being pooled will be available for the free use of the public. The date must be consistent with the bond instrument applicable to bonds for any of the pooled projects.

(e)Subject to the terms of a bond instrument, a county proceeding under this chapter may, from time to time, issue bonds, including bonds that are payable either in whole or in part from the revenues of a pooled project, to:

(1)pay all or a part of the cost of the pooled project or the cost of a part of the pooled project;

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 264 (S.B. 792), Sec. 8.05, eff. June 11, 2007.