Texas § 370.166 PARTICIPATION PAYMENT FOR REAL PROPERTY.

Texas Statutes

§ 370.166 — PARTICIPATION PAYMENT FOR REAL PROPERTY.

Texas § 370.166

Code TNTransportation Code

This text of Texas § 370.166 (PARTICIPATION PAYMENT FOR REAL PROPERTY.) 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. § 370.166 (2026).

Text

Sec. 370.166. PARTICIPATION PAYMENT FOR REAL PROPERTY.

(a)As an alternative to paying for an interest in real property or a real property right with a single fixed payment, the authority may, with the owner's consent, pay the owner by means of a participation payment.

(b)A right to receive a participation payment under this section is subordinate to any right to receive a fee as payment on the principal of or interest on a bond that is issued for the construction of the applicable segment.

(c)In this section, "participation payment" means an intangible legal right to receive a percentage of one or more identified fees related to a segment constructed by the authority.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 370.166. PARTICIPATION PAYMENT FOR REAL PROPERTY. (a) As an alternative to paying for an interest in real property or a real property right with a single fixed payment, the authority may, with the owner's consent, pay the owner by means of a participation payment.
(b) A right to receive a participation payment under this section is subordinate to any right to receive a fee as payment on the principal of or interest on a bond that is issued for the construction of the applicable segment.
(c) In this section, "participation payment" means an intangible legal right to receive a percentage of one or more identified fees related to a segment constructed by the authority.