Sec. 453.102. ACQUIRING AND DISPOSING OF PROPERTY. (a) A transit department may acquire, hold, use, sell, lease, or dispose of property, including licenses, patents, rights, and other interests, necessary, convenient, or useful for the full exercise of any of its powers under this chapter.
(b) The transit department may acquire property described in Subsection (a) in any manner, including by gift or devise.
(c) An acquisition made or other action taken under Subsection (a) shall be in the name of the municipality that created the transit department.
(d) A transit department may dispose of, by sale, lease, or other conveyance:
(1) any property of the transit department not needed for the efficient operation and maintenance of the transit department system; and
(2) any surplus property not needed for its requirements or for the purpose of carrying out its powers under this chapter.
(e) The lease of unneeded property under Subsection (c) must be consistent with the efficient operation and maintenance of the transit department system.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle K - Mass Transportation
Chapter 453 - Municipal Transit Departments
Subchapter C. Powers of Transit Department
Section 453.101. Powers Applicable to Transit Department Having Tax
Section 453.102. Acquiring and Disposing of Property
Section 453.103. Transit Department System
Section 453.104. Fares and Other Charges
Section 453.105. Agreement With Utilities, Carriers
Section 453.106. Contracts; Acquisition of Property by Agreement
Section 453.107. Use and Acquisition of Property of Others