Tex. Transp. Code § 451.155 · Subchapter D. STATION OR TERMINAL COMPLEX SYSTEMS
TRANSFER OF REAL PROPERTY IN STATION OR TERMINAL COMPLEX.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An authority may transfer to any person by any means, including a sale or lease, an interest in real property in a station or terminal complex and may contract with respect to it, in accordance with the comprehensive transit plan approved by the board and subject to terms:
(1) the board finds to be in the public interest or necessary to carry out this section; and
(2) the instrument transferring the title or right of use specifies.
(b) A transfer must be at the fair value of the interest transferred considering the use designated for the real property in the authority's comprehensive transit plan.
(c) A person from whom property offered for sale under this section was acquired by eminent domain or the threat of eminent domain has a first right to purchase the property at the price for which the property is offered to the public.
Notes and commentary — not statutory text
History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.451.htm
- Text hash
- sha256 76cf782f530a1af26eff955463b120c515a6f464e9758bb7b7526fb182cb09c0
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.