Sec. 367.011. TOLLS AND CHARGES. (a) The governing body of a municipality may impose and collect tolls and other charges for the use or availability of a toll bridge of the municipality.
(b) The governing body of the municipality shall impose and collect pledged tolls and charges in an amount that will be at least sufficient, with any other pledged resource, to provide for the payment of:
(1) principal of and interest on and any other amount required to be paid in connection with the bonds; and
(2) to the extent required by the ordinance authorizing issuance of the bonds:
(A) expenses incurred in connection with the bonds; and
(B) operation, maintenance, and other expenses in connection with the toll bridge.
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