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Texas Transportation Code - TRANSP § 202.113. Disposal of Surplus Property

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Except as provided by Subsection (b), the commission shall dispose of property acquired by advance acquisition that is not needed for a transportation facility in the manner provided by Subchapter B.  1

(b) Notwithstanding any other law, the commission first shall offer property described by Subsection (a) for sale to the person from whom the commission acquired the property at a price that is equal to the lesser of:

(1) the price the commission paid the person to acquire the property;  or

(2) the fair market value of the property at the time it is offered for sale under this subsection, taking into account any damage to the property.

1  V.T.C.A., Transportation Code § 202.021 et seq.
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Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 202.113. Disposal of Surplus Property - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-202-113/

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