Tex. Gov't Code § 1509.901

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1509.901 - Pledge of Revenue From Toll Bridge Contract

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.

Tex. Gov't. Code § 1509.901

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.