Texas § 1505.113 CONVERSION OF BRIDGE OR TUNNEL TO TOLL BRIDGE OR TUNNEL.

Texas Statutes

§ 1505.113 — CONVERSION OF BRIDGE OR TUNNEL TO TOLL BRIDGE OR TUNNEL.

Texas § 1505.113

Code GVGovernment Code

This text of Texas § 1505.113 (CONVERSION OF BRIDGE OR TUNNEL TO TOLL BRIDGE OR TUNNEL.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 1505.113 (2026).

Text

Sec. 1505.113. CONVERSION OF BRIDGE OR TUNNEL TO TOLL BRIDGE OR TUNNEL.

(a)The governing body of a municipality by ordinance may convert a bridge or tunnel to a toll bridge or tunnel if:

(1)the bridge or tunnel is owned or operated by the municipality; and

(2)the governing body finds that it is not necessary or practicable to construct a toll bridge or tunnel under this subchapter.

(b)The governing body, if authorized at the election ordered by the governing body on the issuance of the obligations:

(1)may set and collect tolls for the use of the toll bridge or tunnel in amounts determined by the governing body to be reasonable and sufficient, when combined with other revenue and income from a project, to pay the principal of and interest on obligations issued under this subchapter as

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Sec. 1505.113. CONVERSION OF BRIDGE OR TUNNEL TO TOLL BRIDGE OR TUNNEL. (a) The governing body of a municipality by ordinance may convert a bridge or tunnel to a toll bridge or tunnel if:
(1) the bridge or tunnel is owned or operated by the municipality; and
(2) the governing body finds that it is not necessary or practicable to construct a toll bridge or tunnel under this subchapter.
(b) The governing body, if authorized at the election ordered by the governing body on the issuance of the obligations:
(1) may set and collect tolls for the use of the toll bridge or tunnel in amounts determined by the governing body to be reasonable and sufficient, when combined with other revenue and income from a project, to pay the principal of and interest on obligations issued under this subchapter as they mature; and
(2) shall deposit money received under Subdivision (1) to the credit of the interest and sinking fund account and shall use the money only to pay the principal of and interest on the obligations.