Tex. Transportation Code § 365.038
This is the official text of Tex. Transportation Code § 365.038, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 365.038. COUNTY PAYMENTS RELATING TO DISTRICT BONDS.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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