Sec. 283.103. TOLLS REQUIRED  


Latest version.
  • The county shall impose tolls and other charges for use of the project in amounts that are sufficient to:

    (1) pay operation and maintenance costs of the project;

    (2) pay principal and interest when due on the bonds;

    (3) establish a reserve fund if required; and

    (4) establish an adequate depreciation and replacement fund.

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