Texas · Texas Transportation Code
Tex. Transp. Code § 54.111: SECURITY FOR AND PAYMENT OF OBLIGATIONS PAYABLE FROM REVENUE
What this law says, in plain English
Port authorities may issue debt obligations secured by revenue from port operations or leases. Issuers must collect sufficient charges to cover operating costs, interest, and principal payments on outstanding obligations.
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.