Sec. 228.117. FUNDING FOR DEPARTMENT DISTRICT. The commission may not revise the formula as provided in the department's unified transportation program, or its successor document, in a manner that results in a decrease of a district's allocation because revenue bonds are issued for a toll project located within the department district.
Added by Acts 2005, 79th Leg., Ch. 281 (H.B. 2702), Sec. 2.43, eff. June 14, 2005.
Structure Texas Statutes
Subtitle B - State Highway System
Chapter 228 - State Highway Toll Projects
Subchapter C. Toll Revenue Bonds
Section 228.101. Construction Costs
Section 228.102. Issuance of Bonds
Section 228.103. Applicability of Other Law; Conflicts
Section 228.104. Payment of Bonds; Credit of State Not Pledged
Section 228.105. Sources of Payment of and Security for Toll Revenue Bonds
Section 228.106. Interim Bonds
Section 228.107. Effect of Lien
Section 228.108. Approval of Bonds by Attorney General
Section 228.109. Trust Agreement
Section 228.110. Provisions Protecting and Enforcing Rights and Remedies of Bondholders
Section 228.111. Furnishing of Indemnifying Bonds or Pledge of Securities
Section 228.112. Feasibility Study by Municipality, County, or Private Group
Section 228.115. Exemption From Taxation or Assessment
Section 228.116. Valuation of Bonds Securing Deposit of Public Funds