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Terms Used In Texas Transportation Code 221.002

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

The commission and the governing body of a municipality, including a home-rule municipality, may agree to:
(1) provide for the location, relocation, improvement, control, supervision, and regulation of a designated state highway in the municipality; and
(2) establish the respective liabilities and responsibilities of the commission and the municipality under the agreement.