Texas Transportation Code 431.105 – Contractual Authority
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(a) A state agency, including the commission, or a political subdivision may contract with a local government corporation to accomplish a governmental purpose of the sponsoring local government in the same manner and to the same extent that it:
(1) may contract with any other corporation created under this chapter; and
(2) is authorized to contract under Subchapter A, Chapter 472.
(b) A local government may contract with a corporation to accomplish the purposes of the sponsoring local government in the manner provided under Subchapter C, Chapter 224.
Terms Used In Texas Transportation Code 431.105
- 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.