{"data":{"id":"us-tx/tex.-transportation-code-463.211","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 463.211","heading":"EXCHANGE OF BONDS FOR EXISTING SYSTEM.","body":"An authority's revenue bonds may be exchanged, instead 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.\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 E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.463.htm#463.211","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"fe59e4a4e27653b6544df8c75685517d648c0fb0af7aca7f45851c49dfecb4c7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-463.210","next":"us-tx/tex.-transportation-code-463.212"},"notice":"GroundRules: Original legal text. Not legal advice."}