Tex. Transportation Code § 367.005

This is the official text of Tex. Transportation Code § 367.005, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.

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§ 367.005. AUTHORITY TO ISSUE REVENUE BONDS.

Official statutory text

To provide money to acquire, construct, improve, enlarge, or equip a toll bridge, a part of a toll bridge, or a related building, structure, or other facility for a public purpose, the governing body of a municipality may issue revenue bonds that are payable from and secured by a lien on and pledge of all or any part of the revenue, income, or receipts the municipality receives from its ownership and operation of:

(1) a portion of a toll bridge over the Rio Grande; and

(2) any other property, building, structure, activity, or facility.

Status: in_force · Read it on the official government site

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