Transportation Code › Title 6 › Chapter 365 › Subchapter A

Texas Transportation Code § 365.004

Use of Certain Interest

Road District Toll Roads · General Provisions

A district may use interest earned on its construction account for a purpose for which the district's financing documents permit the construction account to be used. For this purpose, the district's governing body may redeposit into the construction account any interest that has been transferred to the credit of an interest and sinking account.

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.