Texas Transportation Code 431.072 – Limitation to Federal or State Highway System
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Terms Used In Texas Transportation Code 431.072
- 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.
A corporation may plan, design, acquire, construct, improve, extend, or maintain a transportation project only if the project:
(1) is intended by the commission to become part of the federal or state highway system; and
(2) is not intended to:
(A) become a county road or municipal street; or
(B) be owned by a county road district or by a road utility district.