Sec. 367.005. AUTHORITY TO ISSUE REVENUE BONDS. To provide money to acquire, construct, improve, enlarge, or equip a toll bridge, a part of a toll bridge, or a related building, structure, or other facility for a public purpose, the governing body of a municipality may issue revenue bonds that are payable from and secured by a lien on and pledge of all or any part of the revenue, income, or receipts the municipality receives from its ownership and operation of:
(1) a portion of a toll bridge over the Rio Grande; and
(2) any other property, building, structure, activity, or facility.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle G - Turnpikes and Toll Projects
Chapter 367 - Municipal Toll Bridges Over Rio Grande
Subchapter A. General Authority Relating to Toll Bridges
Section 367.001. Applicability of Subchapter
Section 367.003. Authority of Municipality in Relation to Toll Bridge
Section 367.004. Authority of Municipality to Enter Into Contracts
Section 367.005. Authority to Issue Revenue Bonds
Section 367.006. Interim Financing
Section 367.008. Pledge of Revenue
Section 367.009. Additional Security
Section 367.010. Additional Bonds
Section 367.011. Tolls and Charges
Section 367.012. Public Purpose
Section 367.013. Lease, Rental, or Donation of Facility to United States
Section 367.014. Refunding Bonds and Notes
Section 367.015. Sale of Bonds or Notes