Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Transportation Code § 454.026: TRANSPORTATION SYSTEM FRANCHISE.

Where this section sits in the code

TRANSPORTATION CODE
TITLE 6. ROADWAYS
SUBTITLE K. MASS TRANSPORTATION
CHAPTER 454. MUNICIPAL MASS TRANSPORTATION SYSTEMS
SUBCHAPTER B. REVENUE BONDS AND NOTES

In addition to encumbering the property of a mass transportation system under Section 454.025, a municipality, by the terms of an instrument evidencing that encumbrance, may grant to the purchaser under the power of sale in the instrument a franchise to operate the system and the system's property. A franchise under this section may not exceed 25 years.

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Collected 2026-08-27T01:47:44Z. Source file · JSON

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