Tex.
Transp. Code Section 202.112
Advance Acquisitions
(a)
The commission may acquire real property or an interest in real property or purchase an option to acquire real property for possible use in or in connection with a transportation facility before:(1)
a final decision has been made as to whether the transportation facility will be located on that property; or(2)
environmental clearance has been issued for the transportation facility by the appropriate federal or state authority.(b)
An advance acquisition shall be made by the commission using the procedures authorized under Subchapter D (Acquisition of Property Authorized) of Chapter 203 (Modernization of State Highways; Controlled Access Highways) or other law authorizing the commission or the department to acquire real property or an interest in real property for a transportation facility. If the commission acquires real property or an interest in real property under Subchapter D (Acquisition of Property Authorized) of Chapter 203 (Modernization of State Highways; Controlled Access Highways) or other law, the commission may make an advance acquisition in the manner provided by this subchapter.(c)
The commission may not make an advance acquisition by condemnation.(d)
An option to acquire real property purchased under this section may not expire later than the fifth anniversary of the date the option was purchased and may be renewed for subsequent periods that expire not later than the fifth anniversary of the date the option was renewed, by agreement of the commission and the grantor of the option or the grantor’s heirs or assigns.
Source:
Section 202.112 — Advance Acquisitions, https://statutes.capitol.texas.gov/Docs/TN/htm/TN.202.htm#202.112 (accessed Jun. 5, 2024).
