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Tex. Transportation Code § 431.065

CONTRIBUTIONS; EXPENSES

Texas · Texas Transportation Code · Status: effective

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Tex. Transportation Code § 431.065, CONTRIBUTIONS; EXPENSES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/570482
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(a) A corporation may receive: (1) a contribution of real property for a right-of-way; and (2) a cash donation for: (A) the purchase of a right-of-way; or (B) the design or construction of a transportation facility or system. (b) A corporation may establish a formula to determine the amount of cash donations from affected property owners and others necessary to cover the cost of a service to be performed by the corporation or its consultants. (c) A corporation may borrow money to meet any expense or need associated with the regular operation of the corporation or a particular transportation project.