Texas § TN.463.154 - TRANSFER OF REAL PROPERTY IN STATION OR TERMINAL COMPLEX
Full text of Texas The Texas Constitution § TN.463.154 — TRANSFER OF REAL PROPERTY IN STATION OR TERMINAL COMPLEX, with citation guidance and answers to common questions.
§ TN.463.154. TRANSFER OF REAL PROPERTY IN STATION OR TERMINAL COMPLEX
TRANSFER OF REAL PROPERTY IN STATION OR TERMINAL COMPLEX. (a) An authority may transfer to any person by any means, including 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 service plan approved by the executive committee, and subject to terms: (1) the executive committee finds to be in the public interest or necessary to carry out this section; and (2) specified in the instrument transferring the title or right of use. (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 service plan. Added by Acts 2019, 86th Leg., R.S., Ch. 151 (H.B. 71 ), Sec. 1, eff. May 24, 2019. SUBCHAPTER E. BONDS
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § TN.463.154
What does The Texas Constitution § TN.463.154 cover?
Section TN.463.154 ("TRANSFER OF REAL PROPERTY IN STATION OR TERMINAL COMPLEX") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § TN.463.154?
A common citation format is "The Texas Constitution § TN.463.154" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TN.463.154 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.