Tex. Transp. Code § 460.554

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 460.554 - Rate Decrease

The board of directors by order may direct the comptroller of public accounts to collect the authority's sales and use tax at a rate that is lower than the rate approved by the voters at the confirmation hearing if the board of directors determines that it is in the best interest of the authority.

Tex. Transp. Code § 460.554

Amended by: Acts 2007, 80th Leg., R.S., Ch. 326 (H.B. 2682), Sec. 20, eff. September 1, 2007
Added by Acts 2001, 77th Leg., ch. 1186, Sec. 1, eff. Sept. 1, 2001.