Texas § TN.454.025 - ENCUMBRANCE OF TRANSPORTATION SYSTEM
Full text of Texas The Texas Constitution § TN.454.025 — ENCUMBRANCE OF TRANSPORTATION SYSTEM, with citation guidance and answers to common questions.
§ TN.454.025. ENCUMBRANCE OF TRANSPORTATION SYSTEM
ENCUMBRANCE OF TRANSPORTATION SYSTEM. (a) To secure the payment of bonds or notes issued under this chapter, a municipality may encumber: (1) all or any part of the mass transportation system; (2) the property of the system, including a bus or other vehicle, machinery, and equipment of any kind used in the operation of the system; (3) the revenue of the system; (4) the franchise of the system; or (5) any other thing relating to the system that is acquired or is to be acquired. (b) A municipality may: (1) encumber separately any property, including a bus or other vehicle, machinery, or equipment of any kind; or (2) acquire, hold, use, or contract for any property, including a bus or other vehicle, machinery, or equipment of any kind, under a lease arrangement, chattel mortgage, or conditional sale, including an equipment trust transaction. (c) This chapter does not prohibit a municipality from encumbering a transportation system for the purposes of purchasing, building, mortgaging, extending, or repairing, or reconstructing another system and purchasing necessary property in connection with the system. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § TN.454.025
What does The Texas Constitution § TN.454.025 cover?
Section TN.454.025 ("ENCUMBRANCE OF TRANSPORTATION SYSTEM") 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.454.025?
A common citation format is "The Texas Constitution § TN.454.025" (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.454.025 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.