Sec. 431.068. CONSTRUCTION OR IMPROVEMENT CONTRACTS. (a) A corporation may contract with the commission to:
(1) construct or improve a transportation project designated by the commission; and
(2) sell the project or improvement to the commission.
(b) For a transportation project constructed by a corporation, the corporation may contract with the commission for the commission to:
(1) supervise the construction; or
(2) provide construction management services.
(c) A corporation and a county, a home-rule municipality, a county road district created under Chapter 257, or a road utility district created under Chapter 441 may contract to pay jointly the cost of a transportation project designated by the commission. The contract may obligate the corporation to design, construct, or improve the 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