Sec. 3892.156. AGREEMENT WITH RAPID TRANSIT AUTHORITY. (a) In this section, "authority" means a rapid transit authority created under Chapter 451, Transportation Code.
(b) The district and an authority may agree to jointly construct, own, operate, and maintain a transit facility or a parking facility under the terms the authority and district desire.
(c) The agreement may provide that the district and the authority exchange or trade land provided that each party to the agreement receives fair market value. The authority is not required to offer any property that it proposes to trade to the district for sale to the public or for sale to any abutting property owner.
Added by Acts 2009, 81st Leg., R.S., Ch. 1101 (H.B. 4828), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3892 - Harris County Improvement District No. 21
Subchapter D. Public Transit System and Parking Facilities
Section 3892.151. Public Transit System; Petition Required
Section 3892.152. Parking Facilities Authorized; Operation by Private Entity
Section 3892.154. Financing of Public Transit System or Parking Facilities
Section 3892.155. Payment in Lieu of Taxes to Other Taxing Unit