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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A lien on or a pledge of revenue, a contract payment, or a pledge of money to the payment of bonds issued under this subchapter is valid and effective in accordance with Chapter 1208, Government Code, and:
(1) is enforceable in any court at the time of payment for and delivery of the bond;
(2) applies to each item on hand or subsequently received;
(3) applies without physical delivery of an item or other act; and
(4) is enforceable in any court against any person having a claim, in tort, contract, or other remedy, against the commission or the department without regard to whether the person has notice of the lien or pledge.
(b) An order authorizing the issuance of bonds is not required to be recorded except in the regular records of the department.
Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 228.107. Effect of Lien - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-228-107/
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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