Texas Transportation Code 452.055 – Contracts; Grants and Loans
Current as of: 2024 | Check for updates
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(a) An authority may contract with any person.
(b) An authority may accept a grant or loan from any person.
Terms Used In Texas Transportation Code 452.055
- Contract: A legal written agreement that becomes binding when signed.
- 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
(c) An authority may enter one or more agreements with any municipality included in the area of the authority for the distribution of the authority’s revenues.
(d) The terms of a contract between a regional authority and a subregional authority created by a contiguous municipality or between a regional authority and a joint subregional authority must be approved by the governing body of each municipality participating in the subregional or joint subregional authority.