Texas Statutes (Last Updated: January 4, 2014) |
TRANSPORTATION CODE |
Title 6. ROADWAYS |
Subtitle K. MASS TRANSPORTATION |
Chapter 451. METROPOLITAN RAPID TRANSIT AUTHORITIES |
Subchapter H. BONDS |
Sec. 451.358. PLEDGE OF REVENUE LIMITED
Latest version.
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The expenses of operation and maintenance of a transit authority system, including salaries, labor, materials, and repairs necessary to provide efficient service and every other proper item of expense, are a first lien and charge against any revenue of a transit authority system that is encumbered under this chapter.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.