Tex. Transp. Code § 463.154 · 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 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 service plan approved by the executive committee, and subject to terms:
(1) the executive committee finds to be in the public interest or necessary to carry out this section; and
(2) specified in the instrument transferring the title or right of use.
(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 service plan.
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 aaa6fcdaca70e31ee943b0503c34d3ee90d2997382b19cb4ff557feecbdcba34
- 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.