Texas Transportation Code

§ 453.106 — CONTRACTS; ACQUISITION OF PROPERTY BY AGREEMENT

TN § 453.106Title 6. ROADWAYS · Part K. MASS TRANSPORTATION · Ch. 453. MUNICIPAL TRANSIT DEPARTMENTS · Art. C. POWERS OF TRANSIT DEPARTMENT

Statute text

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(a)A transit department may contract with any person and may accept a grant or loan from any person.

(b)A transit department may acquire rolling stock or other property under a contract or trust agreement, including a conditional sales contract, lease, and equipment trust certificate.

Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.