Section 463.154 - 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.Tex. Transp. Code § 463.154
Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 151,Sec. 1, eff. 5/24/2019.