{"data":{"id":"us-tx/tex.-transportation-code-451.155","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 451.155","heading":"TRANSFER OF REAL PROPERTY IN STATION OR TERMINAL COMPLEX.","body":"(a) An authority may transfer to any person by any means, including a sale or lease, an interest in real property in a station or terminal complex and may contract with respect to it, in accordance with the comprehensive transit plan approved by the board and subject to terms:\n(1) the board finds to be in the public interest or necessary to carry out this section; and\n(2) the instrument transferring the title or right of use specifies.\n(b) A transfer must be at the fair value of the interest transferred considering the use designated for the real property in the authority's comprehensive transit plan.\n(c) A person from whom property offered for sale under this section was acquired by eminent domain or the threat of eminent domain has a first right to purchase the property at the price for which the property is offered to the public.\nActs 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.","path":["TRANSPORTATION CODE","TITLE 6. ROADWAYS","SUBTITLE K. MASS TRANSPORTATION","CHAPTER 451. METROPOLITAN RAPID TRANSIT AUTHORITIES","SUBCHAPTER D. STATION OR TERMINAL COMPLEX SYSTEMS"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.451.htm#451.155","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"b275d68f0bee1ddc223ba0a2b716a26964460552e7f95a148fa27610600858a6","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-451.154","next":"us-tx/tex.-transportation-code-451.201"},"notice":"GroundRules: Original legal text. Not legal advice."}