Texas Transportation Code - Section 284.063. Contract For Project Construction
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§ 284.063. CONTRACT FOR PROJECT CONSTRUCTION. (a) A
county may enter into an agreement with a political subdivision or
agency of this state to construct, acquire, improve, operate, and
maintain a project under this chapter. The agreement may provide
for title to the project to be in one party to the agreement or for
joint ownership of the project.
(b) A county entering into an agreement under this section
may issue bonds as provided by this chapter to pay all or a part of
the cost of a project.
(c) An agreement entered into under this section, in
addition to other terms, may:
(1) extend for any agreed period; and
(2) provide that the agreement continues in effect
until bonds specified in the agreement and refunding bonds issued
in lieu of those bonds are paid.
(d) A payment made under the agreement is an operating and
maintenance expense of the project if the agreement so provides.
Revenues derived from the operation of the project may be pledged to
pay operating and maintenance expenses.
Acts 1995, 74th Leg., ch. 165, § 1, eff. Sept. 1, 1995.
Section: 284.043 284.044 284.045 284.046 284.061 284.0615 284.062 284.063 284.064 284.065 284.066 284.0665 284.067 284.068 284.069
Last modified: August 10, 2007
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