Tex. Transp. Code § 366.172 · Subchapter E. ACQUISITION, CONSTRUCTION, AND OPERATION OF TURNPIKE PROJECTS
LEASE, SALE, OR CONVEYANCE OF TURNPIKE PROJECT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An authority may lease, sell, or convey in another manner a turnpike project to the department, a county, or a local government corporation created under Chapter 431 only with the approval of the governing body of the entity to which the project is transferred.
(b) An agreement to lease, sell, or convey a turnpike project under this section must provide for the discharge and final payment or redemption of the authority's outstanding bonded indebtedness for the turnpike project and must not be prohibited under the bond proceedings applicable to the system, if any, of which the turnpike project is a part.
Notes and commentary — not statutory text
History
Added by Acts 1997, 75th Leg., ch. 1171, Sec. 7.24, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.366.htm
- Text hash
- sha256 dc3a1dcec8d1f441b7eeeee4a128dd83522343cd512ec7b90c0cab000b99a69c
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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