Texas Transportation Code 91.002 – Public Purpose
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Terms Used In Texas Transportation Code 91.002
- 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
The following functions are public and governmental functions, exercised for a public purpose, and matters of public necessity:
(1) the acquisition, financing, construction, operation, and maintenance of a rail facility under this chapter;
(2) the sale, lease, or license of a rail facility to a rail operator and other public or private persons under this chapter; and
(3) the exercise of any other power granted under this chapter to the commission and the department.