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Texas Transportation Code - Section 283.209. Receivership

Legal Research Home > Texas Lawyer > Transportation Code > Texas Transportation Code - Section 283.209. Receivership

§ 283.209. RECEIVERSHIP.  (a) A receiver appointed under 
Section 283.208, acting in the same manner as the county, may:
		(1)  take possession of the project;                                          
		(2)  maintain the project;  and                                               
		(3)  collect and receive revenues received from the 
project.                
	(b)  The receiver shall dispose of and apply revenues:                         
		(1)  according to the obligations of the county under 
the bond instrument;  and
		(2)  as directed by a court.                                                  

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

Last modified: August 10, 2007