Texas Transportation Code 366.114 – Effect of Lien
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(a) A lien on or a pledge of revenue from a turnpike project or system under this chapter or on a reserve, replacement, or other fund established in connection with a bond issued under this chapter:
(1) is enforceable at the time of payment for and delivery of the bond;
(2) applies to an item on hand or subsequently received;
(3) applies without physical delivery of an item or other act; and
(4) is enforceable against any person having any claim, in tort, contract, or other remedy, against the applicable authority without regard to whether the person has notice of the lien or pledge.
(b) A bond resolution is not required to be recorded except in the regular records of the authority.
Terms Used In Texas Transportation Code 366.114
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.