Texas Statutes
Chapter 1478 - Additional Authority for Certain Coastal Counties to Issue Road Bonds
Section 1478.005. Limitation on Declaring Certain Facilities Part of State Highway System

Sec. 1478.005. LIMITATION ON DECLARING CERTAIN FACILITIES PART OF STATE HIGHWAY SYSTEM. (a) Except as provided by Subsection (b), the Texas Transportation Commission may not declare to be a part of the state highway system and maintain and operate free of tolls a facility as to which a county has:
(1) issued bonds under Chapter 284, Transportation Code, for a purpose authorized by that chapter and has secured the payment of those bonds by:
(A) a pledge of the revenue to be derived from the operation of the facility; and
(B) the levy of ad valorem taxes authorized by Section 52, Article III, Texas Constitution; and
(2) issued bonds under this chapter for a purpose authorized by Section 1478.002 that are payable in whole or part from revenue.
(b) Subsection (a) does not apply if:
(1) the bonds issued under this chapter have been paid; or
(2) an amount sufficient to pay the bonds issued under this chapter and interest on those bonds to maturity has been set aside for that purpose in a trust fund for the benefit of the bondholders.
Added by Acts 2001, 77th Leg., ch. 1420, Sec. 8.0211(a), eff. Sept. 1, 2001.

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