Texas § TN.460.609 - CAPITAL RECOVERY FEE
Full text of Texas The Texas Constitution § TN.460.609 — CAPITAL RECOVERY FEE, with citation guidance and answers to common questions.
§ TN.460.609. CAPITAL RECOVERY FEE
CAPITAL RECOVERY FEE. An agreement to provide services to a public transportation financing area may require the municipality to pay the authority a capital recovery fee. An authority that requires a capital recovery fee shall: (1) apply toward the amount owed for the capital recovery fee any amount in the tax increment account that exceeds the amount necessary to compensate the authority for: (A) the annual maintenance and operating expenses of providing service to the public transportation financing area, including amounts for expansion, improvement, rehabilitation, or enhancement that may be owed for previous years' maintenance and operating expenses; and (B) any capital cost incurred for the benefit of the public transportation financing area; and (2) notify the municipality when the amount owed for the capital recovery fee has been fully paid. Added by Acts 2011, 82nd Leg., R.S., Ch. 921 (S.B. 1422 ), Sec. 4, eff. September 1, 2011.
Frequently Asked Questions About Texas § TN.460.609
What does The Texas Constitution § TN.460.609 cover?
Section TN.460.609 ("CAPITAL RECOVERY FEE") 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.460.609?
A common citation format is "The Texas Constitution § TN.460.609" (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.460.609 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.