Texas § 454.028 OBLIGATION OF TRANSPORTATION SYSTEM NOT MUNICIPAL DEBT.

Texas Statutes

§ 454.028 — OBLIGATION OF TRANSPORTATION SYSTEM NOT MUNICIPAL DEBT.

Texas § 454.028

Code TNTransportation Code

This text of Texas § 454.028 (OBLIGATION OF TRANSPORTATION SYSTEM NOT MUNICIPAL DEBT.) 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. § 454.028 (2026).

Text

Sec. 454.028. OBLIGATION OF TRANSPORTATION SYSTEM NOT MUNICIPAL DEBT.

(a)An obligation of a mass transportation system:

(1)is not a debt of the municipality;

(2)is solely a charge on the property, including the pledged revenue, of the encumbered system; and

(3)may not be included in determining the power of the municipality to issue any bonds or notes for any purpose authorized by law.

(b)A municipality may make payments on bonds or notes issued under this chapter out of any other funds that lawfully may be used for that purpose.

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Sec. 454.028. OBLIGATION OF TRANSPORTATION SYSTEM NOT MUNICIPAL DEBT. (a) An obligation of a mass transportation system:
(1) is not a debt of the municipality;
(2) is solely a charge on the property, including the pledged revenue, of the encumbered system; and
(3) may not be included in determining the power of the municipality to issue any bonds or notes for any purpose authorized by law.
(b) A municipality may make payments on bonds or notes issued under this chapter out of any other funds that lawfully may be used for that purpose.