Texas Transportation Code 431.068 – Construction or Improvement Contracts
Current as of: 2024 | Check for updates
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(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.
Terms Used In Texas Transportation Code 431.068
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(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.