Sec. 431.065. CONTRIBUTIONS; EXPENSES

Latest version.

(a) A corporation may receive:
(1) a contribution of real property for a right-of-way; and
(2) a cash donation for:
(A) the purchase of a right-of-way; or
(B) the design or construction of a transportation facility or system.
(b) A corporation may establish a formula to determine the amount of cash donations from affected property owners and others necessary to cover the cost of a service to be performed by the corporation or its consultants.
(c) A corporation may borrow money to meet any expense or need associated with the regular operation of the corporation or a particular transportation project.

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

                    
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