Texas § 463.107 DURATION OF CONTRACTS.

Texas Statutes

§ 463.107 — DURATION OF CONTRACTS.

Texas § 463.107

Code TNTransportation Code

This text of Texas § 463.107 (DURATION OF CONTRACTS.) 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. § 463.107 (2026).

Text

Sec. 463.107. DURATION OF CONTRACTS. An authority may contract for payment with debt obligations and for performance and payments to extend longer than one fiscal year if the contract provides for the discharge of the authority's contractual obligations by any method, including:

(1)committing current year funds or cancellation charges; and

(2)making the contract subject to the future availability of funds.

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Sec. 463.107. DURATION OF CONTRACTS. An authority may contract for payment with debt obligations and for performance and payments to extend longer than one fiscal year if the contract provides for the discharge of the authority's contractual obligations by any method, including:
(1) committing current year funds or cancellation charges; and
(2) making the contract subject to the future availability of funds.