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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A board may enter into an exclusive development agreement with a private entity.
(b) The exclusive development agreement:
(1) at a minimum must provide for the design and construction of a commuter rail facility or system; and
(2) may provide for the financing, acquisition, maintenance, or operation of a commuter rail facility or system.
(c) The board may adopt rules governing an agreement under this section.
Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 173.156. Exclusive Development Agreements - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-173-156/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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