Texas Transportation Code
§ 370.303 — AGREEMENTS BETWEEN AUTHORITY AND GOVERNMENTAL ENTITIES
TN § 370.303Title 6. ROADWAYS · Part G. TURNPIKES AND TOLL PROJECTS · Ch. 370. REGIONAL MOBILITY AUTHORITIES · Art. G. PARTICIPATION IN FINANCING, CONSTRUCTION, AND OPERATION OF TRANSPORTATION PROJECTS
Statute text
View on source(a)A governmental entity may, consistent with the Texas Constitution, issue bonds, notes, or other obligations or enter into and make payments under agreements with an authority in connection with the financing, acquisition, construction, or operation of a transportation project by an authority, whether inside or outside the geographic boundaries of the governmental entity, including agreements to pay the principal of, and interest on, bonds, notes, or other obligations issued by the authority and make payments under any related credit agreements. The entity may impose and collect taxes to pay the interest on the bonds and to provide a sinking fund for the redemption of the bonds.
(b)In addition to the powers provided by Subsection (a), a governmental entity may, to the extent constitutionally permitted, agree with an authority to:
(1)issue bonds, notes, or other obligations;
(2)create:
(A)a taxing district;
(B)a transportation reinvestment zone under Subchapter E, Chapter 222; or
…
Legislative history
Acts 2011, 82nd Leg., R.S., Ch. 1279 (H.B. 1112), Sec. 14, eff. June 17, 2011. Acts 2019, 86th Leg., R.S., Ch. 1220 (S.B. 2248), Sec. 2, eff. June 14, 2019. Acts 2019, 86th Leg., R.S., Ch. 1220 (S.B. 2248), Sec. 3, eff. June 14, 2019.