Bonds Not Considered Obligations of State

Turnpikes and Toll Projects · Commission Approval of Toll Projects

Bonds or other debt obligations of a political subdivision reviewed under this subchapter are obligations of the issuing entity and are not obligations of the state.

Official text of the Texas Transportation Code as published by the Texas Legislative Council.

Official source

Legislative history

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