Texas § 431.1015 CORPORATIONS OF CERTAIN COUNTIES FOR TOLL PROJECTS.

Texas Statutes

§ 431.1015 — CORPORATIONS OF CERTAIN COUNTIES FOR TOLL PROJECTS.

Texas § 431.1015

Code TNTransportation Code

This text of Texas § 431.1015 (CORPORATIONS OF CERTAIN COUNTIES FOR TOLL PROJECTS.) 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. § 431.1015 (2026).

Text

For expiration of Subsections (b) and (c), see Subsection (c). Sec. 431.1015. CORPORATIONS OF CERTAIN COUNTIES FOR TOLL PROJECTS.

(a)Notwithstanding Chapter 284 or any other law, a county with a population of more than four million may not create a local government corporation under this chapter to develop, construct, operate, manage, or finance a toll project or system located in the county.

(b)An existing local government corporation created by a county described by Subsection (a) for the purposes described by that subsection:

(1)may not:

(A)undertake any new bonds, notes, or other obligations or extend the terms of any existing bonds, notes, or other obligations; or

(B)enter into any new contracts or extend the terms of any existing contracts; and

(2)must be dissolved when all bon

Free access — add to your briefcase to read the full text and ask questions with AI

For expiration of Subsections (b) and (c), see Subsection (c).
Sec. 431.1015. CORPORATIONS OF CERTAIN COUNTIES FOR TOLL PROJECTS. (a) Notwithstanding Chapter 284 or any other law, a county with a population of more than four million may not create a local government corporation under this chapter to develop, construct, operate, manage, or finance a toll project or system located in the county.
(b) An existing local government corporation created by a county described by Subsection (a) for the purposes described by that subsection:
(1) may not:
(A) undertake any new bonds, notes, or other obligations or extend the terms of any existing bonds, notes, or other obligations; or
(B) enter into any new contracts or extend the terms of any existing contracts; and
(2) must be dissolved when all bonds, notes, and other obligations and contracts of the corporation have been satisfied.
(c) This subsection and Subsection (b) expire on the date that the local government corporation described by Subsection (b) is dissolved.
(d) Notwithstanding any other provision of this chapter, income earned and revenues received by or from a local government corporation created to develop, construct, operate, manage, or finance a toll project or system under Chapter 284 may be used only to pay the costs of a turnpike project, as defined by Section 370.003 , or a road, street, or highway project as provided for under Section 284.0031 .