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Texas Government Code - GOV'T § 1509.901. Pledge of Revenue From Toll Bridge Contract

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

A municipality that receives revenue because of a contract with another municipality relating to the operation of a toll bridge over the Rio Grande may appropriate or pledge all or any part of that revenue to:

(1) redeem or pay the principal of or interest on any bond, note, or warrant that the municipality is authorized to issue;  or

(2) retire any other debt the municipality is authorized to incur.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1509.901. Pledge of Revenue From Toll Bridge Contract - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1509-901/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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