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Tex. Transp. Code § 431.065

CONTRIBUTIONS; EXPENSES

Known as the Texas Transportation Corporation Act

The act spans §§ 431.001 to 431.186 (63 sections).

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff

(a) A corporation may receive:

(1) a contribution of real property for a right-of-way; and

(2) a cash donation for:

(A) the purchase of a right-of-way; or

(B) the design or construction of a transportation facility or system.

(b) A corporation may establish a formula to determine the amount of cash donations from affected property owners and others necessary to cover the cost of a service to be performed by the corporation or its consultants.

(c) A corporation may borrow money to meet any expense or need associated with the regular operation of the corporation or a particular transportation project.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.