Texas Transportation Code

§ 367.005 — AUTHORITY TO ISSUE REVENUE BONDS

TN § 367.005Title 6. ROADWAYS · Part G. TURNPIKES AND TOLL PROJECTS · Ch. 367. MUNICIPAL TOLL BRIDGES OVER RIO GRANDE · Art. A. GENERAL AUTHORITY RELATING TO TOLL BRIDGES

Statute text

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To provide money to acquire, construct, improve, enlarge, or equip a toll bridge, a part of a toll bridge, or a related building, structure, or other facility for a public purpose, the governing body of a municipality may issue revenue bonds that are payable from and secured by a lien on and pledge of all or any part of the revenue, income, or receipts the municipality receives from its ownership and operation of:

(1)a portion of a toll bridge over the Rio Grande; and

(2)any other property, building, structure, activity, or facility.

Legislative history

Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.