Sec. 365.039. COUNTY BONDS AND CERTIFICATES OF OBLIGATION. A county may authorize, issue, and sell its bonds or certificates of obligation and use the proceeds to:
(1) call, redeem, and retire a district's outstanding bonds;
(2) remove the pledge of the revenue from a district's toll road project or other road, street, or highway project and the district's convenants in connection with the bonds and toll road project; and
(3) make the toll road project available for use of the public free from tolls and charges.
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