Sec. 431.062. GENERAL POWERS. (a) A corporation has the powers and privileges of a nonprofit corporation incorporated under the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes).
(b) A corporation has the powers provided by this subchapter to promote and develop new and expanded transportation facilities and systems on behalf of the commission and powers incidental to or necessary for the performance of that purpose.
(c) A corporation may, at the request of the commission, perform any function not specified by this chapter to promote and develop transportation facilities and systems.
(d) A corporation has the powers necessary to construct or improve transportation facilities and systems approved by the commission.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle I - Transportation Corporations
Chapter 431 - Texas Transportation Corporation Act
Subchapter C. Corporate Powers
Section 431.062. General Powers
Section 431.063. Promotion and Development of Transportation Facilities and Systems
Section 431.064. Alignment Studies
Section 431.065. Contributions; Expenses
Section 431.066. Employees and Consultants
Section 431.067. Promotional Activities
Section 431.068. Construction or Improvement Contracts
Section 431.069. Location of Transportation Projects
Section 431.070. Bonds and Notes
Section 431.071. Approval of Bonds and Notes by Attorney General
Section 431.072. Limitation to Federal or State Highway System
Section 431.073. Project in County of 500,000 or More or Adjacent County