LegalFix
Sign In

Section 472.001. Contracts Between Certain Governmental Entities to Engage in Joint Project

TX Transp Code § 472.001 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 472.001. CONTRACTS BETWEEN CERTAIN GOVERNMENTAL ENTITIES TO ENGAGE IN JOINT PROJECT. (a) A state agency, political subdivision, or road district of a county may contract with a transportation corporation created by the commission under Chapter 431 or with another state agency, political subdivision, or road district to jointly pay all or part of the cost of:

(1) acquiring, designing, constructing, improving, or beautifying a state or local highway, turnpike, road, or street project;

(2) acquiring an interest in any real property required for or beneficial to the project; and

(3) adjusting utilities for the project.

(b) Costs of a project or payments required under a contract may be met out of bond proceeds, taxes, or other funds available for that purpose.

(c) A road district of a county or a political subdivision may:

(1) issue bonds to pay costs of a project if it determines the project will benefit it; or

(2) impose taxes in an amount necessary to create a sinking fund for payments required by a contract that provides for payment over a term of years.

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

No previous sections
Next Section
Section 472.002. Contracts Involving Political Subdivision or Road District to Construct and Maintain Highway