Sec. 373.003. PROJECT OWNED IN PERPETUITY. Unless a toll project is leased, sold, conveyed, or otherwise transferred to another governmental entity in accordance with applicable law, including Sections 228.151, 284.011, 366.036, 366.172, and 370.171, a toll project procured by the department or a local toll project entity determined by the process under Subchapter B is owned by that entity in perpetuity.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1196 (S.B. 19), Sec. 1, eff. June 17, 2011.
Structure Texas Statutes
Subtitle G - Turnpikes and Toll Projects
Chapter 373 - Toll Projects Located in Territory of Local Toll Project Entity
Subchapter A. General Provisions
Section 373.002. Applicability
Section 373.003. Project Owned in Perpetuity
Section 373.004. Governmental and Not Commercial Transactions
Section 373.005. Legal Challenges Concluded
Section 373.006. Toll Project Agreement
Section 373.007. Exercise of Primacy for Toll Project Phases