Sec. 373.004. GOVERNMENTAL AND NOT COMMERCIAL TRANSACTIONS. A transaction involving a local toll project entity under Section 228.011 or this chapter is not primarily commercial in nature but is an inherently governmental transaction whose purpose is to determine governmental jurisdiction, ownership, control, or other responsibilities with respect to a project.
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