Texas Transportation Code 174.208 – Operation or Use Contracts
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(a) A district may:
(1) lease all or part of the commuter rail facilities to an operator; or
(2) contract for the use or operation of all or part of the commuter rail facilities by an operator.
(b) To the maximum extent practicable, the district shall encourage the participation of private enterprise in the operation of commuter rail facilities.
Terms Used In Texas Transportation Code 174.208
- Contract: A legal written agreement that becomes binding when signed.
- 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
(c) The term of an operating contract under this section may not exceed 20 years.