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

Tex. Transportation Code § 463.107: DURATION OF CONTRACTS.

Where this section sits in the code

TRANSPORTATION CODE
TITLE 6. ROADWAYS
SUBTITLE K. MASS TRANSPORTATION
CHAPTER 463. REGIONAL TRANSIT AUTHORITIES
SUBCHAPTER C. MANAGEMENT OF AUTHORITY

An authority may contract for payment with debt obligations and for performance and payments to extend longer than one fiscal year if the contract provides for the discharge of the authority's contractual obligations by any method, including:

(1) committing current year funds or cancellation charges; and

(2) making the contract subject to the future availability of funds.

Added by Acts 2019, 86th Leg., R.S., Ch. 151 (H.B. 71), Sec. 1, eff. May 24, 2019.

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

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