Texas Transportation Code 453.308 – Pledge of Revenue Limited
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Terms Used In Texas Transportation Code 453.308
- Lien: A claim against real or personal property in satisfaction of a debt.
The expenses of operation and maintenance of a transit department system, including salaries, labor, materials, and repairs necessary to provide efficient service and every other proper item of expense, are a first lien and charge against any revenue of a transit department that is encumbered under this chapter.