Tex. Transp. Code § 441.180

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

Section 441.180 - Manner of Repayment

(a) The board may provide for the payment of the principal of and interest on the bonds by one or more of the following methods:

(1) imposition and collection of ad valorem taxes;

(2) adoption of a plan of taxation authorized by Sections 51.502-51.506, Water Code, as provided by those sections; or

(3) pledging all or part of the fees under Section 441.197.

(b) In this chapter, a reference to ad valorem taxes includes a reference to any other tax the board imposes as provided by this chapter.

Tex. Transp. Code § 441.180

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