§ 3860.151 Public Transit System
§ 3860.152 Parking Facilities Authorized; Operation by Private Entity; Tax Exemption
§ 3860.153 Rules
§ 3860.154 Financing of Public Transit System or Parking Facilities
§ 3860.155 Agreement With Rapid Transit Authority

Terms Used In Texas Special District Local Laws Code Chapter 3860 > Subchapter D - Public Transit System and Parking Facilities

  • Contract: A legal written agreement that becomes binding when signed.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Property: means real and personal property. See Texas Government Code 311.005
  • Rule: includes regulation. See Texas Government Code 311.005