{"data":{"id":"us-tx/tex.-transportation-code-370.166","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 370.166","heading":"PARTICIPATION PAYMENT FOR REAL PROPERTY.","body":"(a) As an alternative to paying for an interest in real property or a real property right with a single fixed payment, the authority may, with the owner's consent, pay the owner by means of a participation payment.\n(b) A right to receive a participation payment under this section is subordinate to any right to receive a fee as payment on the principal of or interest on a bond that is issued for the construction of the applicable segment.\n(c) In this section, \"participation payment\" means an intangible legal right to receive a percentage of one or more identified fees related to a segment constructed by the authority.\nAdded by Acts 2003, 78th Leg., ch. 1325, Sec. 2.01, eff. June 21, 2003.","path":["TRANSPORTATION CODE","TITLE 6. ROADWAYS","SUBTITLE G. TURNPIKES AND TOLL PROJECTS","CHAPTER 370. REGIONAL MOBILITY AUTHORITIES","SUBCHAPTER E. ACQUISITION, CONSTRUCTION, AND OPERATION OF TRANSPORTATION PROJECTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.370.htm#370.166","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"3add4fc109baf2c96dc2ec7e67b4ba213a26a44aaab2af937884aadd5713732a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-370.165","next":"us-tx/tex.-transportation-code-370.167"},"notice":"GroundRules: Original legal text. Not legal advice."}