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Tex. Transportation Code § 54.101

DEFINITION

Texas · Texas Transportation Code · Status: effective

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Tex. Transportation Code § 54.101, DEFINITION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/567601
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In this subchapter, "net revenue" means the gross revenue derived from the operation of a port improvement or facility the net revenue of which is pledged to the payment of an obligation less: (1) the reasonable expenses of maintaining and operating the port improvement or facility, including necessary repair, maintenance, and insurance of the port improvement or facility; and (2) if the municipality pledging the net revenue is a home-rule municipality, any annual payment of the municipality provided for in the charter.