Sec. 431.065. CONTRIBUTIONS; EXPENSES. (a) A corporation may receive:
(1) a contribution of real property for a right-of-way; and
(2) a cash donation for:
(A) the purchase of a right-of-way; or
(B) the design or construction of a transportation facility or system.
(b) A corporation may establish a formula to determine the amount of cash donations from affected property owners and others necessary to cover the cost of a service to be performed by the corporation or its consultants.
(c) A corporation may borrow money to meet any expense or need associated with the regular operation of the corporation or a particular transportation project.
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