Texas § 460.508 NOTES.

Texas Statutes

§ 460.508 — NOTES.

Texas § 460.508

Code TNTransportation Code

This text of Texas § 460.508 (NOTES.) 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. § 460.508 (2026).

Text

Sec. 460.508. NOTES.

(a)An authority may issue negotiable notes payable from any of the authority's sources of revenue to pay for any lawful expenditure, other than principal and interest on the authority's debt.

(b)Notes issued by an authority shall be payable over a period not to exceed five years from the date of issuance.

(c)The Texas Commission on Environmental Quality is not required to approve notes issued under this section.

(d)An authority may not have outstanding notes in excess of $10 million at any one time.

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Sec. 460.508. NOTES. (a) An authority may issue negotiable notes payable from any of the authority's sources of revenue to pay for any lawful expenditure, other than principal and interest on the authority's debt.
(b) Notes issued by an authority shall be payable over a period not to exceed five years from the date of issuance.
(c) The Texas Commission on Environmental Quality is not required to approve notes issued under this section.
(d) An authority may not have outstanding notes in excess of $10 million at any one time.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1186, Sec. 1, eff. Sept. 1, 2001. Amended by Acts 2003, 78th Leg., ch. 306, Sec. 12, eff. Sept. 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 326 (H.B. 2682 ), Sec. 18, eff. September 1, 2007.