Texas § 366.172 LEASE, SALE, OR CONVEYANCE OF TURNPIKE PROJECT.

Texas Statutes

§ 366.172 — LEASE, SALE, OR CONVEYANCE OF TURNPIKE PROJECT.

Texas § 366.172

Code TNTransportation Code

This text of Texas § 366.172 (LEASE, SALE, OR CONVEYANCE OF TURNPIKE PROJECT.) 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. § 366.172 (2026).

Text

Sec. 366.172. LEASE, SALE, OR CONVEYANCE OF TURNPIKE PROJECT.

(a)An authority may lease, sell, or convey in another manner a turnpike project to the department, a county, or a local government corporation created under Chapter 431 only with the approval of the governing body of the entity to which the project is transferred.

(b)An agreement to lease, sell, or convey a turnpike project under this section must provide for the discharge and final payment or redemption of the authority's outstanding bonded indebtedness for the turnpike project and must not be prohibited under the bond proceedings applicable to the system, if any, of which the turnpike project is a part.

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Sec. 366.172. LEASE, SALE, OR CONVEYANCE OF TURNPIKE PROJECT. (a) An authority may lease, sell, or convey in another manner a turnpike project to the department, a county, or a local government corporation created under Chapter 431 only with the approval of the governing body of the entity to which the project is transferred.
(b) An agreement to lease, sell, or convey a turnpike project under this section must provide for the discharge and final payment or redemption of the authority's outstanding bonded indebtedness for the turnpike project and must not be prohibited under the bond proceedings applicable to the system, if any, of which the turnpike project is a part.