Tex. Transp. Code Section 365.041
Amount of Tolls

Revenue from tolls and other charges under Section 365.040 (Authority for Tolls and Charges) may be sufficient to:

(1)

pay all expenses necessary to maintain and operate the toll road project;

(2)

make necessary payments and otherwise comply with any permit or franchise for maintenance or operation of the toll road project;

(3)

pay the principal and redemption price of and interest on all bonds that the district is obligated to pay, regardless of whether the bonds were issued as revenue bonds;

(4)

pay all sinking fund or reserve fund payments agreed to be made in connection with bonds or other obligations as they become due and payable to establish a reasonable depreciation and emergency fund;

(5)

comply with any agreement made with the holders of the district’s bonds or other obligations or with another person on the bondholder’s behalf; and

(6)

recover a reasonable rate of return on invested capital.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Source: Section 365.041 — Amount of Tolls, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­365.­htm#365.­041 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 365.041’s source at texas​.gov