Texas Transportation Code 317.006 – Agreements
Current as of: 2024 | Check for updates
|
Other versions
(a) In this section, “agreement” includes a contract, lease, conveyance, contract of sale, or lease-purchase contract.
(b) The governing body of a municipality may enter into an agreement with any person with respect to a facility, including an agreement in connection with or incidental to the acquisition, financing, construction, or operation of a facility, if the governing body:
(1) considers the agreement necessary or convenient to implement this chapter; and
(2) authorizes the agreement by ordinance or resolution.
Terms Used In Texas Transportation Code 317.006
- 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
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
(c) The mayor or other presiding officer of the municipality must execute the agreement, and the municipal secretary or clerk must attest to the agreement.
(d) An agreement entered into by a municipality under this chapter is binding on the municipality and its governing body.