Contributions; Expenses

Sec. 431.065. CONTRIBUTIONS; EXPENSES. (a) A corporation may receive: (1) a contribution of real property for a right-of-way; and (2) a cash donation for: (A) the purchase of a right-of-way; or (B) the design or construction of a transportation facility or system. (b) A corporation may establish a formula to determine the amount of cash donations from affected property owners and others necessary to cover the cost of a service to be performed by the corporation or its consultants. (c) A corporation may borrow money to meet any expense or need associated with the regular operation of the corporation or a particular transportation project. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.