|Where:||TxDOT Austin District
7901 N. I-35
Building 7, District Hearing Room
Austin, TX 78753
|When:||Wednesday, Jan. 7, 2015
|Purpose:||The purpose of the hearing is to receive public comment on amendments to Texas Administrative Code Chapter 21, Subchapter L, relating to Leasing of Highway Assets and authorizing the department to lease a highway asset.|
|Description:||Transportation Code, Chapter 202, Subchapter C, authorizes the department to lease a highway asset, part of a right of way, or airspace above or underground space below a highway that is a part of the state highways system if the department determines that the interest to be leased will not be needed for a highway purpose during the term of the lease.
The Texas Transportation Commission last adopted rules relating to leasing of highway assets in 2002. The rules establish a more efficient internal and external procedure for the leasing process, provide the department a variety of methods to award a lease and enhance the visibility of lease opportunities by establishing a presence on the department’s internet website.
|Contact:||Real Estate Management and Development Division