Tex. Transp. Code Section 228.105
Sources of Payment of and Security for Toll Revenue Bonds

Notwithstanding any other provisions of this subchapter, toll revenue bonds issued by the commission may:

(1)

be payable from and secured by:

(A)

payments made under an agreement with a local governmental entity as provided by Section 228.254 (Agreements Between Authority and Local Governmental Entities);

(B)

the proceeds of bonds issued for the toll project or system;

(C)

amounts deposited in a debt service reserve fund as required by the trust agreement securing bonds issued for the project or system; or

(D)

surplus revenue of another toll project or system as authorized by Section 228.006 (Use of Surplus Revenue); and

(2)

state on their faces any pledge of revenue or taxes and any security for the bonds under the agreement.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 2003, 78th Leg., ch. 312, Sec. 25, eff. June 18, 2003; Acts 2003, 78th Leg., ch. 1325, Sec. 15.25, eff. June 21, 2003; Acts 2003, 78th Leg., 3rd C.S., ch. 8, Sec. 1.07, eff. Jan. 11, 2004.
Transferred from Transportation Code, Section 361.174 and amended by Acts 2005, 79th Leg., Ch. 281 (H.B. 2702), Sec. 2.42, eff. June 14, 2005.

Source: Section 228.105 — Sources of Payment of and Security for Toll Revenue Bonds, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­228.­htm#228.­105 (accessed Jun. 5, 2024).

228.001
Definitions 228.002
Agreements with Public Entities 228.003
Agreements with Other Governmental Agencies 228.004
Promotion of Toll Project 228.005
Revenue of Toll Project or System 228.006
Use of Surplus Revenue 228.007
Toll Lanes 228.008
Tolls on Exclusive Lane 228.009
Audit 228.010
Establishment of Toll Systems 228.011
Toll Projects in Certain Counties 228.012
Project Subaccounts 228.013
Determination of Financial Terms for Certain Toll Projects 228.0031
Agreements with Local Governments 228.051
Designation 228.052
Operation of Toll Project or System 228.053
Revenue 228.054
Toll Payment Required 228.0055
Use of Contract Payments and Other Revenue 228.055
Exceptions for Leased or Transferred Vehicle 228.056
Presumptions 228.057
Electronic Toll Collection 228.058
Automated Enforcement Technology 228.059
Toll Collection and Enforcement by Other Entity 228.101
Construction Costs 228.102
Issuance of Bonds 228.103
Applicability of Other Law 228.104
Payment of Bonds 228.105
Sources of Payment of and Security for Toll Revenue Bonds 228.106
Interim Bonds 228.107
Effect of Lien 228.108
Approval of Bonds by Attorney General 228.109
Trust Agreement 228.110
Provisions Protecting and Enforcing Rights and Remedies of Bondholders 228.111
Furnishing of Indemnifying Bonds or Pledge of Securities 228.112
Feasibility Study by Municipality, County, or Private Group 228.113
Trust Fund 228.114
Remedies 228.115
Exemption from Taxation or Assessment 228.116
Valuation of Bonds Securing Deposit of Public Funds 228.117
Funding for Department District 228.151
Lease, Sale, or Transfer of Toll Project or System 228.152
Discharge of Outstanding Bonded Indebtedness 228.153
Repayment of Department’s Expenditures 228.154
Approval of Agreement by Attorney General 228.201
Limitation on Toll Facility Designation 228.204
Rules 228.205
Queen Isabella Causeway 228.206
Toll Revenue 228.251
Definitions 228.252
Applicability of Other Law 228.253
Use of Federal Funds 228.254
Agreements Between Authority and Local Governmental Entities 228.0545
Toll Not Paid at Time of Use 228.0546
Invoice Requirements 228.0547
Payment of Toll Invoice
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 228.105’s source at texas​.gov