Texas § 365.038 COUNTY PAYMENTS RELATING TO DISTRICT BONDS.

Texas Statutes

§ 365.038 — COUNTY PAYMENTS RELATING TO DISTRICT BONDS.

Texas § 365.038

Code TNTransportation Code

This text of Texas § 365.038 (COUNTY PAYMENTS RELATING TO DISTRICT BONDS.) 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. § 365.038 (2026).

Text

Sec. 365.038. COUNTY PAYMENTS RELATING TO DISTRICT BONDS.

(a)A county in which a district is located may pay:

(1)part of the principal or redemption price of or interest on the district's bonds; or

(2)the cost of operating or maintaining the district's toll road project.

(b)The county may establish or maintain a reserve fund or a depreciation and replacement fund for the district's bonds or toll road project as a supplement to the district's pledge of revenue for those purposes or instead of a pledge of the district's revenue or taxes.

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Sec. 365.038. COUNTY PAYMENTS RELATING TO DISTRICT BONDS. (a) A county in which a district is located may pay:
(1) part of the principal or redemption price of or interest on the district's bonds; or
(2) the cost of operating or maintaining the district's toll road project.
(b) The county may establish or maintain a reserve fund or a depreciation and replacement fund for the district's bonds or toll road project as a supplement to the district's pledge of revenue for those purposes or instead of a pledge of the district's revenue or taxes.