Texas Transportation Code Title 6, Chapter 283 - Causeways, Bridges, And Tunnels In Certain Counties

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 283.001 - Definitions
  In this chapter: (1) "Bondholder" includes a trustee for a bondholder. (2) "Bond instrument" means a bond resolution or trust indenture. (3) "Interim bond" means...
• Texas Section 283.002 - Applicability
  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...

SUBCHAPTER B PROVISIONS RELATING TO A PROJECT

• Texas Section 283.003 - General Authority To Act
  (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)...
• Texas Section 283.101 - Acquisition Of Property
  (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....
• Texas Section 283.102 - Management Of Project
  (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)...
• Texas Section 283.103 - Tolls Required
  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...

SUBCHAPTER C PROVISIONS RELATING TO BONDS

• Texas Section 283.104 - Operation And Maintenance Of Project
  (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...
• Texas Section 283.201 - Bond Proceeds
  (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...
• Texas Section 283.202 - Costs And Expenses
  (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,...
• Texas Section 283.203 - Source Of Repayment
  (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...
• Texas Section 283.204 - Depository For Proceeds And Revenues
  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...
• Texas Section 283.205 - Trust Indenture Permitted
  (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...
• Texas Section 283.206 - Bond Provisions
  (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...
• Texas Section 283.207 - Bond Approval And Registration
  (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...
• Texas Section 283.208 - Rights Of Bondholders
  (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....
• Texas Section 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...
• Texas Section 283.210 - Tax Status Of Bonds
  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: September 28, 2016