Sec. 1506.061. RELOCATION OR ALTERATION EXPENSE. If a municipality, in the exercise of a power under this subchapter, including the power of relocation, makes necessary the relocation or rerouting of, or alteration of the construction of, a highway, railroad, electric transmission line, telegraph or telephone property or facility, or pipeline, the relocation or rerouting or alteration of construction must be accomplished at the sole expense of the municipality. In this section, "sole expense" means the actual cost of the relocation or rerouting or alteration of construction to provide comparable replacement without enhancement of the facility, after deduction of the net salvage value derived from the old facility.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1506 - Bonds for Municipal Parking and Transportation Facilities
Subchapter B. Bonds for Parking Facilities in Home-Rule Municipalities
Section 1506.051. Applicability of Subchapter
Section 1506.052. Authority for Parking Facilities
Section 1506.053. Authority to Establish Improvement Districts and Issue Bonds
Section 1506.055. Form of Bond
Section 1506.056. Sale of Bonds
Section 1506.057. Interest and Sinking Fund Tax
Section 1506.058. Proceeds of Tax
Section 1506.059. Investment of Sinking Fund