Texas § 726.004 FINANCING OF MOTOR VEHICLE TESTING STATIONS.

Texas Statutes

§ 726.004 — FINANCING OF MOTOR VEHICLE TESTING STATIONS.

Texas § 726.004

Code TNTransportation Code

This text of Texas § 726.004 (FINANCING OF MOTOR VEHICLE TESTING STATIONS.) 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. § 726.004 (2026).

Text

Sec. 726.004. FINANCING OF MOTOR VEHICLE TESTING STATIONS.

(a)A municipality may borrow money to finance all or part of the cost of the acquisition, establishment, improvement, or repair of motor vehicle testing stations and may pledge all or part of the fees or other receipts derived from the operation of the stations for payment of principal and interest on the loan.

(b)A municipality may encumber a testing station, including things acquired pertaining to the station, to secure the payment of funds to construct all or part of the station or to improve, operate, or maintain the station. An encumbrance is not a debt of the municipality but is solely a charge on the property encumbered and may not be considered in determining the power of the municipality to issue bonds.

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Sec. 726.004. FINANCING OF MOTOR VEHICLE TESTING STATIONS. (a) A municipality may borrow money to finance all or part of the cost of the acquisition, establishment, improvement, or repair of motor vehicle testing stations and may pledge all or part of the fees or other receipts derived from the operation of the stations for payment of principal and interest on the loan.
(b) A municipality may encumber a testing station, including things acquired pertaining to the station, to secure the payment of funds to construct all or part of the station or to improve, operate, or maintain the station. An encumbrance is not a debt of the municipality but is solely a charge on the property encumbered and may not be considered in determining the power of the municipality to issue bonds.

Legislative History

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Nearby Sections

4

§ 726.001

APPLICABILITY.

§ 726.002

TESTING AND INSPECTION OF MOTOR VEHICLES.

§ 726.003

MOTOR VEHICLE TESTING STATIONS; TESTING AND INSPECTION FEE.

§ 726.004

FINANCING OF MOTOR VEHICLE TESTING STATIONS.

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Bluebook (online)

Texas § 726.004, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/TN/726.004.