Texas Statutes (Last Updated: January 4, 2014) |
TRANSPORTATION CODE |
Title 6. ROADWAYS |
Subtitle K. MASS TRANSPORTATION |
Chapter 452. REGIONAL TRANSPORTATION AUTHORITIES |
Subchapter H. BONDS |
Sec. 452.358. USE OF REVENUE
Latest version.
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Revenue in excess of amounts pledged under Section 452.357(a)(1) or (2) shall be used to:
(1) pay the expenses of operation and maintenance of a public transportation system, including salaries, labor, materials, and repairs necessary to provide efficient service and every other proper item of expense; and
(2) fund operating reserves.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by: Acts 2009, 81st Leg., R.S., Ch. 47 , Sec. 2, eff. May 19, 2009.