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Texas Transportation Code - TRANSP § 284.069. Tolls and Charges

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

If bonds under this chapter are payable in whole or in part from project revenue, the county shall impose tolls and charges that are, together with other money or revenues available for the project, including ad valorem tax, sufficient to:

(1) pay the maintenance and operating expenses of the project;

(2) pay the principal of, premium of, if any, and interest on the bonds when due;

(3) establish a reserve for payment of bond principal, premium, and interest; and

(4) establish an adequate fund for project depreciation and replacement.

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Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 284.069. Tolls and Charges - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-284-069/

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