Sec. 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.
Structure Texas Statutes
Subtitle G - Turnpikes and Toll Projects
Chapter 365 - Road District Toll Roads
Subchapter C. Financial Provisions
Section 365.031. Authority to Issue Bonds
Section 365.032. Bond Election
Section 365.033. Sale of Bonds
Section 365.034. Bond Security
Section 365.035. Bondholder Protection
Section 365.036. Refunding Bonds
Section 365.037. County Ad Valorem Tax
Section 365.038. County Payments Relating to District Bonds
Section 365.039. County Bonds and Certificates of Obligation
Section 365.040. Authority for Tolls and Charges
Section 365.041. Amount of Tolls
Section 365.042. Fines and Penalties
Section 365.043. County Expenses
Section 365.044. Costs of Certain Acquisitions and Alterations