Tex. Transp. Code Section 54.101
Definition


In this subchapter, “net revenue” means the gross revenue derived from the operation of a port improvement or facility the net revenue of which is pledged to the payment of an obligation less:

(1)

the reasonable expenses of maintaining and operating the port improvement or facility, including necessary repair, maintenance, and insurance of the port improvement or facility; and

(2)

if the municipality pledging the net revenue is a home-rule municipality, any annual payment of the municipality provided for in the charter.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 20, eff. Sept. 1, 1999.

Source: Section 54.101 — Definition, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­54.­htm#54.­101 (accessed Mar. 16, 2024).

Accessed:
Mar. 16, 2024

§ 54.101’s source at texas​.gov