Tex. Transp. Code Section 203.061
Payment Procedure if Owner Fails to Deliver Executed Deed; Escrow

(a)

If the owner of property acquired by the department under this subchapter fails to deliver an executed deed before payment of consideration, the comptroller may issue a warrant on the appropriate account in payment of the consideration. The consideration shall be placed in escrow with a national or state bank that is:

(1)

authorized to do business in this state; and

(2)

located in the county of the residence of the owner or the county in which the real property is located.

(b)

If there is not a bank that satisfies the requirements of Subsection (a)(2), the consideration shall be placed in a national or state bank authorized to do business in this state in an adjoining county or the nearest available banking facility.

(c)

Consideration placed in escrow under this section shall be delivered to the owner on receipt of the properly executed deed.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Source: Section 203.061 — Payment Procedure if Owner Fails to Deliver Executed Deed; Escrow, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­203.­htm#203.­061 (accessed Jun. 5, 2024).

203.001
Definitions 203.002
Modern State Highway System 203.003
Jurisdiction 203.021
Public Hearings 203.022
Rules Governing Notice and Comment 203.023
Substantial Change in Layout or Function 203.031
Control of Access 203.032
Precedence of Commission Order 203.033
Injunction Against Denial of Access 203.034
Right to Access 203.051
Acquisition of Property Authorized 203.052
Commission Determination Required 203.053
Location of Property Acquired 203.054
Attorney General Shall Bring Suit 203.055
Acquisition of Rights in Public Real Property 203.056
Consent to Use of State Property 203.057
Cooperation of State Agency 203.058
Compensation for State Agency 203.059
Purchase of Lease Rights 203.060
Payment Procedure 203.061
Payment Procedure if Owner Fails to Deliver Executed Deed 203.062
Payment for Real Property Acquired by Eminent Domain 203.063
Payment Procedures in Addition to Other Procedures Authorized by Law 203.064
Acquisition of Freeway by Gift or Devise 203.065
Acquisition of Freeway by County Commissioners Court 203.066
Declaration of Taking for Toll Project 203.067
Possession of Property for Toll Project 203.068
Right of Entry for Toll Project 203.069
Covenants, Conditions, Restrictions, or Limitations 203.091
Definition 203.092
Reimbursement for Relocation of Utility Facilities 203.093
Reimbursement from State Highway Fund 203.094
Timely Relocation 203.095
Rules 203.111
Lease for Parking Purposes 203.112
Prohibition or Restriction of Fireworks at Rest Area 203.0521
Acquisition of Remainder 203.0921
Department Relocation of Utility Facilities for Essential Highway Improvement 203.0935
Timely Agreement 203.0941
Utility Relocation Eligible for Financial Assistance from Water Development Board
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Accessed:
Jun. 5, 2024

§ 203.061’s source at texas​.gov