Sec. 453.106.  CONTRACTS;  ACQUISITION OF PROPERTY BY AGREEMENT.  (a)  A transit department may contract with any person and may accept a grant or loan from any person.
(b)  A transit department may acquire rolling stock or other property under a contract or trust agreement, including a conditional sales contract, lease, and equipment trust certificate.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.