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Texas Transportation Code - TRANSP § 431.065. Contributions;  Expenses

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

(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.

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Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 431.065. Contributions;  Expenses - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-431-065/

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