Texas § 315.070 INSTALLMENTS.

Texas Statutes

§ 315.070 — INSTALLMENTS.

Texas § 315.070

Code TNTransportation Code

This text of Texas § 315.070 (INSTALLMENTS.) 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. Transportation Code Code Ann. § 315.070 (2026).

Text

Sec. 315.070. INSTALLMENTS.

(a)The governing body may order the assessments payable in not more than six installments and prescribe the amount, time, and manner of payment of the installments.

(b)The last payment may not be deferred beyond the fifth anniversary of the municipality's acceptance of the completed lighting improvement.

(c)The ordinance shall prescribe the rate of interest, not to exceed seven percent a year, to be charged on deferred payments.

(d)The ordinance may provide for the maturity and collection of all deferred payments on the default of an installment of principal or interest.

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Sec. 315.070. INSTALLMENTS. (a) The governing body may order the assessments payable in not more than six installments and prescribe the amount, time, and manner of payment of the installments.
(b) The last payment may not be deferred beyond the fifth anniversary of the municipality's acceptance of the completed lighting improvement.
(c) The ordinance shall prescribe the rate of interest, not to exceed seven percent a year, to be charged on deferred payments.
(d) The ordinance may provide for the maturity and collection of all deferred payments on the default of an installment of principal or interest.