{"data":{"id":"us-tx/tex.-transportation-code-452.361","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 452.361","heading":"EXCHANGE OF BONDS FOR EXISTING SYSTEM.","body":"An authority's revenue bonds may be exchanged, in lieu of cash, for the property of all or part of an existing public transportation system to be acquired by the authority. If the property is owned by a corporation that will dissolve simultaneously with the exchange, the authority may acquire the stock of the corporation.\nActs 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.","path":["TRANSPORTATION CODE","TITLE 6. ROADWAYS","SUBTITLE K. MASS TRANSPORTATION","CHAPTER 452. REGIONAL TRANSPORTATION AUTHORITIES","SUBCHAPTER H. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.452.htm#452.361","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"30dfaf4f80a5594abd58cbf27ca511de8686d646be750bdd8f5663830f11a319","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-452.360","next":"us-tx/tex.-transportation-code-452.362"},"notice":"GroundRules: Original legal text. Not legal advice."}