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Texas Transportation Code - Chapter 283 Causeways, Bridges, And Tunnels In Certain CountiesLegal Research Home > Texas Lawyer > Transportation Code > Texas Transportation Code - Chapter 283 Causeways, Bridges, And Tunnels In Certain Counties Sponsored LinksIn this chapter: (1) "Bondholder" includes a trustee for a bondholder. (2) "Bond instrument" means a bond resolution or trust indenture. (3) "Interim bond" means ... This chapter applies only to a county that: (1) borders on the Gulf of Mexico; and (2) has a population of at least 20,000 as ... (a) Except as provided in Subsection (b), a county acting through its commissioners court may: (1) construct, acquire, improve, operate, and maintain a project; (2) ... (a) A county acting under this chapter may enter on land, water, or other premises to make a survey, sounding, or examination of the property. ... (a) A bond instrument may allow the project to be managed and controlled by a board of trustees while the bonds issued are outstanding. (b) ... The county shall impose tolls and other charges for use of the project in amounts that are sufficient to: (1) pay operation and maintenance costs ... (a) The commission may: (1) agree with a county to operate, maintain, or contribute to the maintenance costs of a project if the agreement is ... (a) Except as provided in Subsection (b), the proceeds of bonds issued under this chapter shall be: (1) used only to pay the cost of ... (a) The cost of the project may include: (1) the cost of construction; (2) the cost of all property used in the construction, acquisition, improvement, ... (a) A bond authorized by this chapter may be paid only from the revenues received from the operation of the project. (b) The bond is ... A bank or trust company in this state may: (1) act as a depository of bond proceeds or revenues received from the operation of a ... (a) A bond authorized by this chapter may be secured by a trust indenture between the county and a corporate trustee that is a trust ... (a) A bond authorized by this chapter shall contain the following clause: "The holder hereof shall never have the right to demand payment of this ... (a) A bond issued under this chapter may be presented to the attorney general for approval in the same manner and with like effect as ... (a) A bond issued under this chapter creates and grants a lien on bond proceeds in favor of a bondholder until the bond is paid. ... (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 ... A bond issued under this chapter, the transfer of and income from the bond, and any profit made in the sale of the bond is ... Last modified: August 11, 2007 |