Tex. Transp. Code § 365.041

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 365.041 - Amount of Tolls

Revenue from tolls and other charges under Section 365.040 may be sufficient to:

(1) pay all expenses necessary to maintain and operate the toll road project;
(2) make necessary payments and otherwise comply with any permit or franchise for maintenance or operation of the toll road project;
(3) pay the principal and redemption price of and interest on all bonds that the district is obligated to pay, regardless of whether the bonds were issued as revenue bonds;
(4) pay all sinking fund or reserve fund payments agreed to be made in connection with bonds or other obligations as they become due and payable to establish a reasonable depreciation and emergency fund;
(5) comply with any agreement made with the holders of the district's bonds or other obligations or with another person on the bondholder's behalf; and
(6) recover a reasonable rate of return on invested capital.

Tex. Transp. Code § 365.041

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.