Texas § 463.154 TRANSFER OF REAL PROPERTY IN STATION OR TERMINAL COMPLEX.

Texas Statutes

§ 463.154 — TRANSFER OF REAL PROPERTY IN STATION OR TERMINAL COMPLEX.

Texas § 463.154

Code TNTransportation Code

This text of Texas § 463.154 (TRANSFER OF REAL PROPERTY IN STATION OR TERMINAL COMPLEX.) 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. § 463.154 (2026).

Text

Sec. 463.154. TRANSFER OF REAL PROPERTY IN STATION OR TERMINAL COMPLEX.

(a)An authority may transfer to any person by any means, including sale or lease, an interest in real property in a station or terminal complex and may contract with respect to it, in accordance with the comprehensive service plan approved by the executive committee, and subject to terms:

(1)the executive committee finds to be in the public interest or necessary to carry out this section; and

(2)specified in the instrument transferring the title or right of use.

(b)A transfer must be at the fair value of the interest transferred considering the use designated for the real property in the authority's comprehensive service plan. SUBCHAPTER E. BONDS

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Sec. 463.154. TRANSFER OF REAL PROPERTY IN STATION OR TERMINAL COMPLEX. (a) An authority may transfer to any person by any means, including sale or lease, an interest in real property in a station or terminal complex and may contract with respect to it, in accordance with the comprehensive service plan approved by the executive committee, and subject to terms:
(1) the executive committee finds to be in the public interest or necessary to carry out this section; and
(2) specified in the instrument transferring the title or right of use.
(b) A transfer must be at the fair value of the interest transferred considering the use designated for the real property in the authority's comprehensive service plan.
SUBCHAPTER E. BONDS