Texas Transportation Code
§ 453.308 — PLEDGE OF REVENUE LIMITED
TN § 453.308Title 6. ROADWAYS · Part K. MASS TRANSPORTATION · Ch. 453. MUNICIPAL TRANSIT DEPARTMENTS · Art. G. BONDS
Statute text
View on sourceThe expenses of operation and maintenance of a transit department system, including salaries, labor, materials, and repairs necessary to provide efficient service and every other proper item of expense, are a first lien and charge against any revenue of a transit department that is encumbered under this chapter.
Legislative history
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.