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§ 365.038 — Texas Law | CourtGPT
  1. Home/
  2. Laws/
  3. Texas/
  4. Transportation Code - Title 1 - General Provisions/
  5. Title 6 - Roadways/
  6. Subtitle G - Turnpikes and Toll Projects/
  7. Chapter 365 - Road District Toll Roadssub/
  8. Subchapter C - Financial Provisions/
  9. § 365.038
Texas Legal Code

§ 365.038

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(a) A county in which a district is located may pay:(1) part of the principal or redemption price of or interest on the district's bonds; or(2) the cost of operating or maintaining the district's toll road project.(b) The county may establish or maintain a reserve fund or a depreciation and replacement fund for the district's bonds or toll road project as a supplement to the district's pledge of revenue for those purposes or instead of a pledge of the district's revenue or taxes. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.