Texas Transportation Code

§ 314.048 — CERTIFICATES

TN § 314.048Title 6. ROADWAYS · Part E. MUNICIPAL STREETS · Ch. 314. PURCHASE OR CONDEMNATION OF PROPERTY FOR HIGHWAYS BY CERTAIN MUNICIPALITIES · Art. D. ASSESSMENTS

Statute text

View on source

The municipality may:

(1)issue assignable certificates payable to the municipality or the purchaser of the certificates stating the liability of the property and the owner of the property for the payment of assessments; and

(2)set the terms of the certificates, including the time of payment, conditions of default, and date of maturity.

Legislative history

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