Texas § TN.460.611 - TERMINATION OF PUBLIC TRANSPORTATION FINANCING AREA
Full text of Texas The Texas Constitution § TN.460.611 — TERMINATION OF PUBLIC TRANSPORTATION FINANCING AREA, with citation guidance and answers to common questions.
§ TN.460.611. TERMINATION OF PUBLIC TRANSPORTATION FINANCING AREA
TERMINATION OF PUBLIC TRANSPORTATION FINANCING AREA. If the tax increment is pledged to the payment of bonds and interest on the bonds or to the payment of any other obligations, the public transportation financing area or an agreement for services under Section 460.602 may not be terminated by agreement of the parties unless the municipality that created the public transportation financing area deposits or causes to be deposited with a trustee or other escrow agent authorized by law funds in an amount that, together with the interest on the investment of the funds in direct obligations of the United States, will be sufficient to pay: (1) the principal of, premium, if any, and interest on all bonds issued on behalf of the public transportation financing area at maturity or at the date fixed for redemption of the bonds; and (2) any other amounts that may become due, including compensation due or to become due to the trustee or escrow agent, as well as to pay the principal of and interest on any other obligations incurred on behalf of the public transportation financing area. Added by Acts 2011, 82nd Leg., R.S., Ch. 921 (S.B. 1422 ), Sec. 4, eff. September 1, 2011.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § TN.460.611
What does The Texas Constitution § TN.460.611 cover?
Section TN.460.611 ("TERMINATION OF PUBLIC TRANSPORTATION FINANCING AREA") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § TN.460.611?
A common citation format is "The Texas Constitution § TN.460.611" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TN.460.611 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.