Texas Transportation Code 172.206 – Acquisition of Rolling Stock and Other Property
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Transportation Code 172.206
- Contract: A legal written agreement that becomes binding when signed.
- 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
- Property: means real and personal property. See Texas Government Code 311.005
A district may acquire rolling stock or other property, under a conditional sales contract, lease, equipment trust certificate, or other form of contract or trust agreement.