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Tex. Transp. Code § 365.038

COUNTY PAYMENTS RELATING TO DISTRICT BONDS

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

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.