State Codes and Statutes
Statutes > Texas > Government-code > Title-9-public-securities > Chapter-1479-county-bonds-for-facilities-on-state-highway-system
GOVERNMENT CODE
TITLE 9. PUBLIC SECURITIES
SUBTITLE I. SPECIFIC AUTHORITY FOR COUNTIES TO ISSUE SECURITIES
CHAPTER 1479. COUNTY BONDS FOR FACILITIES ON
STATE HIGHWAY SYSTEM
Sec. 1479.001. DEFINITION. In this chapter, "state highway
system" means the highways in this state included in the plan
providing for a system of state highways prepared under Section
201.103, Transportation Code.
Added by Acts 2005, 79th Leg., Ch.
281, Sec. 2.91, eff. June 14, 2005.
Sec. 1479.002. AUTHORITY TO ISSUE BONDS. (a) A county may
issue bonds to provide funds for the design, development,
financing, construction, maintenance, operation, extension,
expansion, or improvement of a toll or nontoll project or
facility on the state highway system located in the county or, as
a continuation of the project or facility, in an adjacent county.
(b) To provide for the payment of bonds issued under this
section, a county may:
(1) pledge revenue from any available source, including payments
received under an agreement with the Texas Department of
Transportation under Section 222.104, Transportation Code;
(2) pledge, levy, and collect taxes subject to any
constitutional limitation; or
(3) provide for a combination of Subdivisions (1) and (2).
(c) Any election required to permit action under Subsection (b)
must be held in conformance with the Election Code or other law
applicable to the county.
(d) A county that issues bonds under this section may exercise
any of the rights and powers granted to the governing body of an
issuer under Chapter 1371.
(e) A bond issued under this section must mature not later than
40 years after its date of issuance.
(f) This section is wholly sufficient authority for the issuance
of bonds, the pledge of revenues, taxes, or any combination of
revenues and taxes, and the performance of other acts and
procedures authorized by this section by a county without
reference to any other provision of law or any restriction or
limitation contained in those provisions, except as specifically
provided by this section. To the extent of any conflict or
inconsistency between this section and any other law, this
section shall prevail and control. A county may use any law not
in conflict with this section to the extent convenient or
necessary to carry out any power or authority, expressed or
implied, granted by this section.
Added by Acts 2005, 79th Leg., Ch.
281, Sec. 2.91, eff. June 14, 2005.
State Codes and Statutes
Statutes > Texas > Government-code > Title-9-public-securities > Chapter-1479-county-bonds-for-facilities-on-state-highway-system
GOVERNMENT CODE
TITLE 9. PUBLIC SECURITIES
SUBTITLE I. SPECIFIC AUTHORITY FOR COUNTIES TO ISSUE SECURITIES
CHAPTER 1479. COUNTY BONDS FOR FACILITIES ON
STATE HIGHWAY SYSTEM
Sec. 1479.001. DEFINITION. In this chapter, "state highway
system" means the highways in this state included in the plan
providing for a system of state highways prepared under Section
201.103, Transportation Code.
Added by Acts 2005, 79th Leg., Ch.
281, Sec. 2.91, eff. June 14, 2005.
Sec. 1479.002. AUTHORITY TO ISSUE BONDS. (a) A county may
issue bonds to provide funds for the design, development,
financing, construction, maintenance, operation, extension,
expansion, or improvement of a toll or nontoll project or
facility on the state highway system located in the county or, as
a continuation of the project or facility, in an adjacent county.
(b) To provide for the payment of bonds issued under this
section, a county may:
(1) pledge revenue from any available source, including payments
received under an agreement with the Texas Department of
Transportation under Section 222.104, Transportation Code;
(2) pledge, levy, and collect taxes subject to any
constitutional limitation; or
(3) provide for a combination of Subdivisions (1) and (2).
(c) Any election required to permit action under Subsection (b)
must be held in conformance with the Election Code or other law
applicable to the county.
(d) A county that issues bonds under this section may exercise
any of the rights and powers granted to the governing body of an
issuer under Chapter 1371.
(e) A bond issued under this section must mature not later than
40 years after its date of issuance.
(f) This section is wholly sufficient authority for the issuance
of bonds, the pledge of revenues, taxes, or any combination of
revenues and taxes, and the performance of other acts and
procedures authorized by this section by a county without
reference to any other provision of law or any restriction or
limitation contained in those provisions, except as specifically
provided by this section. To the extent of any conflict or
inconsistency between this section and any other law, this
section shall prevail and control. A county may use any law not
in conflict with this section to the extent convenient or
necessary to carry out any power or authority, expressed or
implied, granted by this section.
Added by Acts 2005, 79th Leg., Ch.
281, Sec. 2.91, eff. June 14, 2005.
State Codes and Statutes
Statutes >
Texas >
Government-code >
Title-9-public-securities >
Chapter-1479-county-bonds-for-facilities-on-state-highway-system GOVERNMENT CODE
TITLE 9. PUBLIC SECURITIES
SUBTITLE I. SPECIFIC AUTHORITY FOR COUNTIES TO ISSUE SECURITIES
CHAPTER 1479. COUNTY BONDS FOR FACILITIES ON
STATE HIGHWAY SYSTEM
Sec. 1479.001. DEFINITION. In this chapter, "state highway
system" means the highways in this state included in the plan
providing for a system of state highways prepared under Section
201.103, Transportation Code.
Added by Acts 2005, 79th Leg., Ch.
281, Sec. 2.91, eff. June 14, 2005.
Sec. 1479.002. AUTHORITY TO ISSUE BONDS. (a) A county may
issue bonds to provide funds for the design, development,
financing, construction, maintenance, operation, extension,
expansion, or improvement of a toll or nontoll project or
facility on the state highway system located in the county or, as
a continuation of the project or facility, in an adjacent county.
(b) To provide for the payment of bonds issued under this
section, a county may:
(1) pledge revenue from any available source, including payments
received under an agreement with the Texas Department of
Transportation under Section 222.104, Transportation Code;
(2) pledge, levy, and collect taxes subject to any
constitutional limitation; or
(3) provide for a combination of Subdivisions (1) and (2).
(c) Any election required to permit action under Subsection (b)
must be held in conformance with the Election Code or other law
applicable to the county.
(d) A county that issues bonds under this section may exercise
any of the rights and powers granted to the governing body of an
issuer under Chapter 1371.
(e) A bond issued under this section must mature not later than
40 years after its date of issuance.
(f) This section is wholly sufficient authority for the issuance
of bonds, the pledge of revenues, taxes, or any combination of
revenues and taxes, and the performance of other acts and
procedures authorized by this section by a county without
reference to any other provision of law or any restriction or
limitation contained in those provisions, except as specifically
provided by this section. To the extent of any conflict or
inconsistency between this section and any other law, this
section shall prevail and control. A county may use any law not
in conflict with this section to the extent convenient or
necessary to carry out any power or authority, expressed or
implied, granted by this section.
Added by Acts 2005, 79th Leg., Ch.
281, Sec. 2.91, eff. June 14, 2005.
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