Tex. Transp. Code Section 365.038
County Payments Relating to District Bonds


(a)

A county in which a district is located may pay:

(1)

part of the principal or redemption price of or interest on the district’s bonds; or

(2)

the cost of operating or maintaining the district’s toll road project.

(b)

The county may establish or maintain a reserve fund or a depreciation and replacement fund for the district’s bonds or toll road project as a supplement to the district’s pledge of revenue for those purposes or instead of a pledge of the district’s revenue or taxes.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Source: Section 365.038 — County Payments Relating to District Bonds, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­365.­htm#365.­038 (accessed May 18, 2024).

Accessed:
May 18, 2024

§ 365.038’s source at texas​.gov