Texas § 460.104 POWER TO CONTRACT; GRANTS AND LOANS.

Texas Statutes

§ 460.104 — POWER TO CONTRACT; GRANTS AND LOANS.

Texas § 460.104

Code TNTransportation Code

This text of Texas § 460.104 (POWER TO CONTRACT; GRANTS AND LOANS.) 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. § 460.104 (2026).

Text

Sec. 460.104. POWER TO CONTRACT; GRANTS AND LOANS.

(a)An authority may contract with any person.

(b)An authority may accept a gift, grant, donation, or loan from any person.

(c)An authority may enter into an agreement, including an interlocal agreement, with a transportation or transit entity, including a municipality, that is consistent with and beneficial to the service plan approved by the authority.

(d)An authority may acquire rolling stock or other real or personal property under a contract or trust agreement, including a conditional sales contract, a lease, a lease-purchase agreement, or an equipment trust.

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Sec. 460.104. POWER TO CONTRACT; GRANTS AND LOANS. (a) An authority may contract with any person.
(b) An authority may accept a gift, grant, donation, or loan from any person.
(c) An authority may enter into an agreement, including an interlocal agreement, with a transportation or transit entity, including a municipality, that is consistent with and beneficial to the service plan approved by the authority.
(d) An authority may acquire rolling stock or other real or personal property under a contract or trust agreement, including a conditional sales contract, a lease, a lease-purchase agreement, or an equipment trust.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1186, Sec. 1, eff. Sept. 1, 2001. Amended by: Acts 2007, 80th Leg., R.S., Ch. 326 (H.B. 2682 ), Sec. 3, eff. September 1, 2007.