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Texas Transportation Code - Section 284.012. Transfer Of Assets

Legal Research Home > Texas Lawyer > Transportation Code > Texas Transportation Code - Section 284.012. Transfer Of Assets

§ 284.012. TRANSFER OF ASSETS.  (a) A county, acting 
through the commissioners court of the county, may submit a request 
to the commission for authorization to create a regional mobility 
authority under Chapter 370 and to transfer all projects under this 
chapter to the regional mobility authority if:
		(1)  the creation of the regional mobility authority 
and transfer of projects is not prohibited under the bond 
proceedings applicable to the projects;
		(2)  adequate provision has been made for the 
assumption by the regional mobility authority of all debts, 
obligations, and liabilities of the county arising out of the 
transferred projects;  and
		(3)  the commissioners courts of any additional 
counties to be part of the regional mobility authority have 
approved the request.
	(b)  The county may submit to the commission a proposed 
structure for the initial board of directors of the regional 
mobility authority and a method for appointment to the board of 
directors at the creation of the regional mobility authority.  
Subsequent appointments to the board of directors are subject to 
the requirements of Subchapter F, Chapter 370.
	(c)  After commission authorization, the county may transfer 
each of its projects under this chapter to the regional mobility 
authority to the extent authorized by the Texas Constitution if 
property and contract rights in the projects and bonds issued for 
the projects are not affected unfavorably.
	(d)  The commission shall adopt rules governing the creation 
of a regional mobility authority and the transfer of projects under 
this section.

Added by Acts 2005, 79th Leg., ch. 281, § 2.51, eff. June 14, 
2005.      

Last modified: August 10, 2007