Sec. 201.978. ACQUISITION AND DISPOSAL OF PROPERTY. (a) The department may acquire by purchase property or an interest in property necessary or convenient for one or more of the purposes for which obligations may be issued under Section 201.973(d).
(b) Property acquired under Subsection (a) may be used for any transportation purpose.
(c) Notwithstanding Chapter 202, the department may sell or lease property acquired under Subsection (a) that is no longer needed for a transportation purpose. Revenue from a sale or lease shall be deposited in the fund.
Added by Acts 2005, 79th Leg., Ch. 1070 (H.B. 1546), Sec. 1, eff. November 8, 2005.
Section: Previous 201.971 201.972 201.973 201.974 201.975 201.976 201.977 201.978 201.979 201.980 201.9901 201.991 201.9911 201.992 201.993 NextLast modified: September 28, 2016