Sec. 4501.105. CONDITIONAL TRANSFER OF PROPERTY. (a) A conveyance of authority property, including a lease, to a private operator or any other person must be conditioned on an obligation that the property must be used as provided by this section.
(b) The conveyance must provide that ownership of authority property automatically reverts to the Parks and Wildlife Department if the authority or a private operator:
(1) does not use the property:
(A) to support the operations of the Texas State Railroad; or
(B) in a manner that primarily promotes a state public interest; or
(2) converts the Texas State Railroad to a static display.
Added by Acts 2007, 80th Leg., R.S., Ch. 568 (S.B. 1659), Sec. 1, eff. June 16, 2007.Section: Previous 4501.055 4501.056 4501.057 4501.101 4501.102 4501.103 4501.104 4501.105 4501.106 4501.107 4501.108 4501.109 4501.151 4501.152 4501.153 Next
Last modified: September 28, 2016