43 TAC § 15.170. Purpose
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Texas Administrative Code › Title 43 TRANSPORTATION › Part 1 TEXAS DEPARTMENT OF TRANSPORTATION › Chapter 15 FINANCING AND CONSTRUCTION OF TRANSPORTATION PROJECTS › 43 TAC § 15.170
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Transportation Code, §222.003, allows the Texas Transportation Commission to issue bonds and other public securities secured by a pledge of and payable from revenue deposited to the credit of the state highway fund. Proceeds from the sale of these bonds and other public securities must be used to fund state highway improvement projects, subject to the limitations provided in that section. This subchapter describes the criteria and policies that will be used to select projects.
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