Tex. Transp. Code § 463.107 · Subchapter C. MANAGEMENT OF AUTHORITY
DURATION OF CONTRACTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An authority may contract for payment with debt obligations and for performance and payments to extend longer than one fiscal year if the contract provides for the discharge of the authority's contractual obligations by any method, including:
(1) committing current year funds or cancellation charges; and
(2) making the contract subject to the future availability of funds.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 151 (H.B. 71), Sec. 1, eff. May 24, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.463.htm
- Text hash
- sha256 fbce7030c62972971fd64bbf7da61a5733ed9f7069acc32d127577b5824e03c4
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Transp. Code § 463.107. Each shows the citation as that text prints it.
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.