{"data":{"id":"us-tx/tex.-transportation-code-463.107","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 463.107","heading":"DURATION OF CONTRACTS.","body":"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:\n(1) committing current year funds or cancellation charges; and\n(2) making the contract subject to the future availability of funds.\nAdded by Acts 2019, 86th Leg., R.S., Ch. 151 (H.B. 71), Sec. 1, eff. May 24, 2019.","path":["TRANSPORTATION CODE","TITLE 6. ROADWAYS","SUBTITLE K. MASS TRANSPORTATION","CHAPTER 463. REGIONAL TRANSIT AUTHORITIES","SUBCHAPTER C. MANAGEMENT OF AUTHORITY"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.463.htm#463.107","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"7dc65f7d515856e7d078bd7f382b47f14935b4b8a3c92bfcb7d0eeea769fba5c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-463.106","next":"us-tx/tex.-transportation-code-463.108"},"notice":"GroundRules: Original legal text. Not legal advice."}