(a) The governing body may deposit all or part of the county property tax paid on a sign, on the real property on which a sign is located, or on other real or personal property owned by the owner of a sign to the credit of a sign abatement and community beautification fund in the county treasury.
(b) The governing body may use money in the fund to compensate the owner of a sign required to be removed under this subchapter.
Official text of the Texas Transportation Code as published by the Texas Legislative Council.