Texas Transportation Code

§ 457.105 — CONTRACTS; ACQUISITION OF PROPERTY BY AGREEMENT

TN § 457.105Title 6. ROADWAYS · Part K. MASS TRANSPORTATION · Ch. 457. COUNTY MASS TRANSIT AUTHORITY · Art. C. POWERS OF AUTHORITY

Statute text

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(a)An authority may contract with any person and may accept a grant or loan from any person.

(b)An authority 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

Added by Acts 1997, 75th Leg., ch. 165, Sec. 30.35(a), eff. Sept. 1, 1997.