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Texas Government Code - GOV'T § 1478.005. Limitation on Declaring Certain Facilities Part of State Highway System

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Except as provided by Subsection (b), the Texas Transportation Commission may not declare to be a part of the state highway system and maintain and operate free of tolls a facility as to which a county has:

(1) issued bonds under Chapter 284, Transportation Code, for a purpose authorized by that chapter and has secured the payment of those bonds by:

(A) a pledge of the revenue to be derived from the operation of the facility; and

(B) the levy of ad valorem taxes authorized by Section 52, Article III, Texas Constitution; and

(2) issued bonds under this chapter for a purpose authorized by Section 1478.002 that are payable in whole or part from revenue.

(b) Subsection (a) does not apply if:

(1) the bonds issued under this chapter have been paid; or

(2) an amount sufficient to pay the bonds issued under this chapter and interest on those bonds to maturity has been set aside for that purpose in a trust fund for the benefit of the bondholders.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1478.005. Limitation on Declaring Certain Facilities Part of State Highway System - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1478-005/

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