Texas § 451.206 USE OF REVENUE FOR REGIONAL ECONOMIC DEVELOPMENT FACILITIES.

Texas Statutes

§ 451.206 — USE OF REVENUE FOR REGIONAL ECONOMIC DEVELOPMENT FACILITIES.

Texas § 451.206

Code TNTransportation Code

This text of Texas § 451.206 (USE OF REVENUE FOR REGIONAL ECONOMIC DEVELOPMENT FACILITIES.) 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. § 451.206 (2026).

Text

Sec. 451.206. USE OF REVENUE FOR REGIONAL ECONOMIC DEVELOPMENT FACILITIES.

(a)Revenue received from the collection of the authority's sales and use tax at the rate equal to the amount of the rate increase adopted under this subchapter may be used only to finance a project described in the ballot proposition.

(b)The dedication of revenue under Subsection (a) expires on the fifth anniversary of the date the sales and use tax rate increase takes effect in the authority.

(c)Money not used for the regional economic development facilities portion of a station or terminal complex may be used for other purposes.

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Sec. 451.206. USE OF REVENUE FOR REGIONAL ECONOMIC DEVELOPMENT FACILITIES. (a) Revenue received from the collection of the authority's sales and use tax at the rate equal to the amount of the rate increase adopted under this subchapter may be used only to finance a project described in the ballot proposition.
(b) The dedication of revenue under Subsection (a) expires on the fifth anniversary of the date the sales and use tax rate increase takes effect in the authority.
(c) Money not used for the regional economic development facilities portion of a station or terminal complex may be used for other purposes.