Texas Statutes
§ 224.007 — PURCHASE OF LEASE RIGHTS.
Texas § 224.007
JurisdictionTexas
Code TNTransportation Code
This text of Texas § 224.007 (PURCHASE OF LEASE RIGHTS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Transportation Code Code Ann. § 224.007 (2026).
Text
Sec. 224.007. PURCHASE OF LEASE RIGHTS.
(a)Before acquiring property under this subchapter, the department may purchase the right to lease the property to a third party.
(b)The department may make a purchase under Subsection (a) only if the department first determines that the owner is unable to lease or rent the property because of the impending acquisition by the department.
(c)The consideration for the purchase of a lease right under this section may not exceed the fair market rental value of the property as determined by the department and shall be credited against the total compensation due the owner when the department acquires the property.
(d)Payment under this section may be made in periodic increments until the property is acquired by the department. The aggregate total of pa
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Legislative History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Nearby Sections
15
§ 224.001
ACQUISITION BY DEPARTMENT.§ 224.003
ACQUISITION BY COMMISSIONERS COURT.§ 224.004
STATE'S USE OF EMINENT DOMAIN.§ 224.005
PARTICIPATION BY DEPARTMENT.§ 224.006
PAYMENT TO COUNTY OR MUNICIPALITY.§ 224.007
PURCHASE OF LEASE RIGHTS.§ 224.008
UTILITY RELOCATION COSTS.§ 224.031
DUTY OF DEPARTMENT.§ 224.032
DUTY OF COMMISSION.§ 224.033
COUNTY IMPROVEMENT OF STATE SYSTEM.§ 224.061
DEFINITIONS.§ 224.062
AUTHORITY TO CONTRACT.§ 224.063
SUFFICIENCY OF FUNDS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 224.007, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/TN/224.007.