Texas Statutes (Last Updated: January 4, 2014) |
TRANSPORTATION CODE |
Title 6. ROADWAYS |
Subtitle G. TURNPIKES AND TOLL PROJECTS |
Chapter 367. MUNICIPAL TOLL BRIDGES OVER RIO GRANDE |
Subchapter A. GENERAL AUTHORITY RELATING TO TOLL BRIDGES |
Sec. 367.016. BONDS AND NOTES NOT PAYABLE FROM TAXES
Latest version.
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A bond or note issued under this subchapter:
(1) is payable only from the revenue or another resource of the municipality; and
(2) is not a tax obligation of the municipality.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.