Texas Transportation Code § 202.027 Reimbursement To County Or Municipality

Sec. 202.027. REIMBURSEMENT TO COUNTY OR MUNICIPALITY. (a) If real property owned by the state and sold under this subchapter was acquired by a county or municipality and if a part of that acquisition cost was reimbursed to the county or municipality by the state, the department may pay the county or municipality a percentage of the proceeds of the sale that is equal to the percentage of the value or cost not reimbursed to the county or municipality at the time of the initial acquisition.

(b) Reimbursement under this section applies only to real property that the commission determines was never used for the purpose for which it was acquired.

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Section: Previous  202.002  202.021  202.022  202.023  202.024  202.025  202.026  202.027  202.028  202.029  202.030  202.031  202.032  202.033  202.051  Next

Last modified: September 28, 2016