Transportation Code › Title 6 › Chapter 224 › Subchapter C

Texas Transportation Code § 224.063

Sufficiency of Funds

Acquisition, Construction, and Maintenance · Contract with Transportation Corporation

(a) Before contracting under this subchapter, the commission shall determine that it will have sufficient funds available in the year of acquisition to meet its financial obligations under the contract.

(b) Payment of any obligation in the contract is contingent on a legislative appropriation for that purpose in the year the obligation is due, and the contract must state that fact.

Official text of the Texas Transportation Code as published by the Texas Legislative Council.

Official source
Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.