§ 723.031 Gifts, Grants, and Donations
§ 723.032 Grants-in-Aid and Contractual Payments
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Terms Used In Texas Transportation Code Chapter 723 > Subchapter C - Gifts, Grants, Donations, Grants-in-Aid, and Payments

  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Property: means real and personal property. See Texas Government Code 311.005