Sec. 202.112. ADVANCE ACQUISITIONS

(a) The commission may purchase an option to acquire property for possible use in or in connection with a transportation facility before a final decision has been made as to whether the transportation facility will be located on that property.

(b) An advance acquisition shall be made by the commission using the procedures authorized under Subchapter D of Chapter 203 or other law authorizing the commission or the department to acquire real property or an interest in real property for a transportation facility. If the commission acquires real property or an interest in real property under Subchapter D of Chapter 203 or other law, the commission may make an advance acquisition in the manner provided by this subchapter.

(c) The commission may not make an advance acquisition by condemnation.

(d) An option to acquire property purchased under this section or Section 227.041 may not expire later than the fifth anniversary of the date the option was purchased and may be renewed for subsequent periods that expire not later than the fifth anniversary of the date the option was renewed, by agreement of the commission and the grantor of the option or the grantor's heirs or assigns.

Added by Acts 2003, 78th Leg., ch. 1325, Sec. 3.02, eff. Sept. 1, 2003. Amended by: Acts 2005, 79th Leg., Ch. 281 , Sec. 2.06, eff. June 14, 2005. Acts 2011, 82nd Leg., R.S., Ch. 259 , Sec. 5, eff. June 17, 2011.