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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A municipality that has acquired a toll bridge under this subchapter may issue and deliver revenue bonds or revenue time warrants:
(1) to repair, improve, alter, reconstruct, or replace the bridge;
(2) to build an additional bridge; or
(3) for one or more of those purposes.
(b) The municipality shall issue the bonds or warrants:
(1) in the manner prescribed by this subchapter; and
(2) subject to any restriction in an ordinance authorizing or a deed of indenture securing the original or a subsequent issue of toll bridge bonds or warrants.
Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 367.065. Authority to Issue Bonds or Warrants to Repair, Improve, or Build Toll Bridge - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-367-065/
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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