Texas Transportation Code § 367.008 Pledge Of Revenue

Sec. 367.008. PLEDGE OF REVENUE. A municipality may pledge to the payment of bonds issued under this subchapter, including the principal of, interest on, and any other amount required or permitted to be paid in connection with the bonds, all or any part of its revenue, income, or receipts from:

(1) a toll or charge authorized by Section 367.011; or

(2) another resource.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.

Section: Previous  367.001  367.002  367.003  367.004  367.005  367.006  367.007  367.008  367.009  367.010  367.011  367.012  367.013  367.014  367.015  Next

Last modified: September 28, 2016