Texas Transportation Code 370.171 – Lease, Sale, or Conveyance of Transportation Project
Current as of: 2024 | Check for updates
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Terms Used In Texas Transportation Code 370.171
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
An authority may lease, sell, or convey in any other manner a transportation project to a governmental entity with the approval of the governing body of the governmental entity to which the project is transferred.