§ 457.101 Acquiring and Disposing of Property
§ 457.102 Transit Authority System
§ 457.103 Fares and Other Charges
§ 457.104 Agreement With Utilities and Carriers
§ 457.105 Contracts; Acquisition of Property by Agreement
§ 457.106 Use and Acquisition of Property of Others
§ 457.107 Routes
§ 457.108 Tort Liability and Governmental Immunity
§ 457.109 Tax Exemption

Terms Used In Texas Transportation Code Chapter 457 > Subchapter C - Powers of Authority

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Devise: To gift property by will.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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
  • Property: means real and personal property. See Texas Government Code 311.005
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005