TRANSPORTATION SYSTEM FRANCHISE.

Tex. TRANSP Code § 454.026.
in effect
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In addition to encumbering the property of a mass transportation system under Section 454.025 , a municipality, by the terms of an instrument evidencing that encumbrance, may grant to the purchaser under the power of sale in the instrument a franchise to operate the system and the system's property. A franchise under this section may not exceed 25 years.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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