Limit On Power

Tex. Transportation Code § 174.304, under Chapter 174.

Tex. Transportation Code § 174.304

Sec. 174.304. LIMIT ON POWER. (a) A revenue bond indenture may limit the exercise of the power granted by Section 174.003, 174.109, 174.151, 174.152, 174.153, 174.154, 174.155, 174.156, 174.158, 174.159, 174.201, 174.202, 174.203, 174.204, 174.205, 174.206, 174.207, 174.208, 174.209, 174.251, 174.252, 174.253, 174.254, or 174.255. (b) A limit applies while any of the revenue bonds issued under the indenture are outstanding and unpaid. Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.04, eff. April 1, 2011. SUBCHAPTER H. TAXES