Sec. 365.039. COUNTY BONDS AND CERTIFICATES OF OBLIGATION. A county may authorize, issue, and sell its bonds or certificates of obligation and use the proceeds to:
(1) call, redeem, and retire a district's outstanding bonds;
(2) remove the pledge of the revenue from a district's toll road project or other road, street, or highway project and the district's convenants in connection with the bonds and toll road project; and
(3) make the toll road project available for use of the public free from tolls and charges.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Section: Previous 365.014 365.015 365.031 365.032 365.033 365.034 365.035 365.036 365.037 365.038 365.039 365.040 365.041 365.042 365.043 NextLast modified: September 28, 2016