Tex. Transp. Code § 367.065

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 367.065 - Authority to Issue Bonds or Warrants to Repair, Improve, or Build Toll Bridge

(a) A municipality that has acquired a toll bridge under this subchapter may issue and deliver revenue bonds or revenue time warrants:

(1) to repair, improve, alter, reconstruct, or replace the bridge;

(2) to build an additional bridge; or

(3) for one or more of those purposes.

(b) The municipality shall issue the bonds or warrants:

(1) in the manner prescribed by this subchapter; and

(2) subject to any restriction in an ordinance authorizing or a deed of indenture securing the original or a subsequent issue of toll bridge bonds or warrants.

Tex. Transp. Code § 367.065

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