Texas § 1509.901 PLEDGE OF REVENUE FROM TOLL BRIDGE CONTRACT.

Texas Statutes

§ 1509.901 — PLEDGE OF REVENUE FROM TOLL BRIDGE CONTRACT.

Texas § 1509.901

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 1509.901 (2026).

Text

Sec. 1509.901. PLEDGE OF REVENUE FROM TOLL BRIDGE CONTRACT. A municipality that receives revenue because of a contract with another municipality relating to the operation of a toll bridge over the Rio Grande may appropriate or pledge all or any part of that revenue to:

(1)redeem or pay the principal of or interest on any bond, note, or warrant that the municipality is authorized to issue; or

(2)retire any other debt the municipality is authorized to incur.

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Sec. 1509.901. PLEDGE OF REVENUE FROM TOLL BRIDGE CONTRACT. A municipality that receives revenue because of a contract with another municipality relating to the operation of a toll bridge over the Rio Grande may appropriate or pledge all or any part of that revenue to:
(1) redeem or pay the principal of or interest on any bond, note, or warrant that the municipality is authorized to issue; or
(2) retire any other debt the municipality is authorized to incur.