Transportation Code › Title 6 › Chapter 451 › Subchapter H

Texas Transportation Code § 451.358

Pledge of Revenue Limited

Metropolitan Rapid Transit Authorities · Bonds

The expenses of operation and maintenance of a transit authority system, including salaries, labor, materials, and repairs necessary to provide efficient service and every other proper item of expense, are a first lien and charge against any revenue of a transit authority system that is encumbered under this chapter.

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.