Texas Transportation Code Title 6, Chapter 317 - Elimination Of Grade-level Street Crossings By Railroad Lines In Municipalities With Population Of More Than 100,000
SUBCHAPTER A GENERAL PROVISIONS
- Texas Section 317.001 - Applicability Of Chapter
This chapter applies only to a municipality with a population of more than 100,000. Added by Acts 1999, 76th Leg., ch. 227, Sec. 24, eff....
- Texas Section 317.002 - Definition
In this chapter, "facility" means property that the governing body of a municipality considers necessary for the elimination of a grade-level crossing by a railroad...
- Texas Section 317.003 - Authority Regarding Facilities
(a) To decrease hazards to life or property, promote public safety or convenience, improve traffic conditions, or encourage the orderly development of the municipality, a...
- Texas Section 317.004 - Applicability Of Other Law
Except to the extent that it conflicts or is inconsistent with this chapter, Subchapter B, Chapter 1502, Government Code, applies to revenue bonds issued under...
- Texas Section 317.005 - Conflict Or Inconsistency With Municipal Charter
To the extent of a conflict or inconsistency between this chapter and a municipal charter, this chapter controls. Added by Acts 1999, 76th Leg., ch....
- Texas Section 317.006 - Agreements
(a) In this section, "agreement" includes a contract, lease, conveyance, contract of sale, or lease-purchase contract. (b) The governing body of a municipality may enter...
SUBCHAPTER B MANAGEMENT AND CONTROL OF FACILITIES; BOARD OF TRUSTEES
- Texas Section 317.007 - Eminent Domain
(a) A municipality may exercise the power of eminent domain to acquire the fee simple title to, an easement in, or a right-of-way over or...
- Texas Section 317.051 - Definition
In this subchapter, "board" means a board of trustees established under Section 317.052. Added by Acts 1999, 76th Leg., ch. 227, Sec. 24, eff. Sept....
- Texas Section 317.052 - Management And Control By Governing Body Or Board
An ordinance authorizing the issuance of revenue bonds under this chapter may provide that while the principal of or interest on the bonds is outstanding,...
- Texas Section 317.053 - Composition Of Board
A board may consist of not more than seven members, one of whom must be a member of the governing body of the municipality. Added...
SUBCHAPTER C BONDS
- Texas Section 317.054 - Organization And Duties Of Board
(a) An ordinance under Section 317.052 that vests management and control of a facility in a board must: (1) specify the board members' compensation, which...
- Texas Section 317.101 - Definition
In this subchapter, "net revenue" means the gross revenue derived from the operation or use of a facility the net revenue of which is pledged...
- Texas Section 317.102 - Authority To Issue Bonds
The governing body of a municipality by ordinance may issue tax bonds, revenue bonds, or both to provide money for a facility. Added by Acts...
- Texas Section 317.103 - Election
(a) Tax bonds, other than refunding bonds, may be issued only if authorized by a majority of the qualified voters voting at an election held...
- Texas Section 317.104 - Maturity
A bond issued under this chapter must mature not later than 40 years after its date. Added by Acts 1999, 76th Leg., ch. 227, Sec....
- Texas Section 317.105 - Signatures
A bond issued under this chapter must be signed by the mayor or presiding officer of the municipality and countersigned by the municipal secretary or...
- Texas Section 317.106 - Sale Of Bonds
A municipality may sell bonds issued under this chapter at a public or private sale under terms determined by the governing body to be the...
- Texas Section 317.107 - Contents Of Ordinance Authorizing Issuance Of Revenue Bonds
(a) The ordinance of the governing body of the municipality authorizing the issuance of revenue bonds and the related proceedings may: (1) provide for the...
- Texas Section 317.108 - Adoption And Execution Of Documents
The governing body of a municipality may adopt and have executed any other proceeding or instrument necessary or convenient in the issuance of revenue bonds....
- Texas Section 317.109 - Review And Approval Of Contracts Relating To Revenue Bonds
(a) If revenue bonds issued under this chapter state that they are secured in whole or in part by a pledge of the proceeds from...
- Texas Section 317.110 - Security For And Payment Of Bonds Payable From Revenue
(a) Revenue bonds may be secured by a pledge of and paid from: (1) the net revenue derived from the operation or use of all...
- Texas Section 317.111 - Use Of Certain Proceeds
From the proceeds of bonds issued under this chapter, the governing body of a municipality may appropriate or set aside: (1) an amount for the...
SUBCHAPTER D REFUNDING BONDS
- Texas Section 317.112 - Encumbrance As Additional Security
(a) As additional security for the payment of revenue bonds issued under this chapter, the governing body of a municipality may have executed in favor...
- Texas Section 317.151 - Applicability Of Law Relating To Original Bonds
The provisions of this chapter relating to original bonds apply to refunding bonds issued under this chapter to the extent the provisions can be made...
- Texas Section 317.152 - Authority To Issue Tax Refunding Bonds
(a) The governing body of a municipality by ordinance may issue tax bonds under this chapter to refund outstanding original or refunding bonds issued by...
- Texas Section 317.153 - Authority To Issue Revenue Refunding Bonds
The governing body of a municipality by ordinance may issue revenue bonds under this chapter to refund outstanding original or refunding revenue bonds issued by...
- Texas Section 317.154 - Terms Of Issuance Of Revenue Refunding Bonds
(a) Revenue refunding bonds may: (1) be combined with new or original revenue bonds into one series or issue; (2) be issued to refund bonds...
- Texas Section 317.155 - Registration Of Refunding Bonds By Comptroller
(a) Except as provided by Subsection (b), the comptroller shall register refunding bonds on surrender and cancellation of the bonds to be refunded. (b) The...
- Texas Section 317.156 - Escrow Agreement
(a) The proceeds from revenue refunding bonds that are deposited as provided by Section 317.155(b) shall be held under an escrow agreement so that the...
Last modified: September 28, 2016