Current as of April 14, 2021 | Updated by FindLaw Staff
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
(a) A district shall establish and maintain reasonable and nondiscriminatory rates or other compensation for the use of the facilities of the system acquired, constructed, operated, regulated, or maintained by the district.
(b) Together with grants received by the district, the rates or other compensation must be sufficient to produce revenue adequate to:
(1) pay all expenses necessary for the operation and maintenance of the district's property and facilities;
(2) pay the principal of and interest on all bonds issued by the district under this chapter payable wholly or partly from the revenue, as they become due and payable; and
(3) fulfill the terms of agreements made with the holders of bonds or with any person on their behalf.
Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 173.207. Compensation for Use of System Facilities - last updated April 14, 2021 | https://codes.findlaw.com/tx/transportation-code/transp-sect-173-207/
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 or via Westlaw before relying on it for your legal needs.