84th Texas Legislature, Regular Session, Senate Bill 638, Chapter 1155 Page: 2 of 13
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S.B. No. 638
1 District shall pay an amount to reimburse the Texas Department of
2 Transportation for the department's actual costs to acquire the
3 property. If the Texas Department of Transportation cannot
4 determine that amount, the amount shall be determined based on the
5 average historical property acquisition values for property
6 located in proximity to the property described by Subsection (f) of
7 this section on the date of original acquisition of the property by
8 the Texas Department of Transportation. Money received by the
9 Texas Department of Transportation under this subsection shall be
10 deposited in the state highway fund and used in the Texas Department
11 of Transportation district in which the property is located.
12 (d) The Texas Department of Transportation shall transfer
13 the property by an appropriate instrument of transfer. The
14 instrument of transfer must:
15 (1) provide that:
16 (A) the Shepherd Independent School District may
17 use the property only for a purpose that benefits the public
18 interest of the state; or
19 (B) if the Shepherd Independent School District
20 uses the property for any purpose other than a purpose that benefits
21 the public interest of the state, the Shepherd Independent School
22 District shall pay to the Texas Department of Transportation an
23 amount equal to the fair market value of the property on the date
24 the Shepherd Independent School District begins using the property
25 for the purpose other than a purpose that benefits the public
26 interest of the state, less the amount paid to the Texas Department
27 of Transportation under Subsection (c) of this section;
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Texas. Legislature. Senate. 84th Texas Legislature, Regular Session, Senate Bill 638, Chapter 1155, legislative document, June 19, 2015; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth704643/m1/2/: accessed April 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.