Texas Statutes
Subchapter C. Financial Provisions
Section 365.041. Amount of Tolls

Sec. 365.041. AMOUNT OF TOLLS. Revenue from tolls and other charges under Section 365.040 may be sufficient to:
(1) pay all expenses necessary to maintain and operate the toll road project;
(2) make necessary payments and otherwise comply with any permit or franchise for maintenance or operation of the toll road project;
(3) pay the principal and redemption price of and interest on all bonds that the district is obligated to pay, regardless of whether the bonds were issued as revenue bonds;
(4) pay all sinking fund or reserve fund payments agreed to be made in connection with bonds or other obligations as they become due and payable to establish a reasonable depreciation and emergency fund;
(5) comply with any agreement made with the holders of the district's bonds or other obligations or with another person on the bondholder's behalf; and
(6) recover a reasonable rate of return on invested capital.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

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