The bill, S.B. No. 2863, mandates the Texas Department of Transportation (TxDOT) to donate and transfer specific real property to the University of Houston by December 31, 2025. The property consists of six tracts of land located in Houston, Texas, with detailed descriptions provided for each parcel. The University of Houston is restricted to using the property solely for purposes that benefit the public interest of the state. Should the University utilize the property for any other purpose, ownership will automatically revert to TxDOT.

Additionally, the bill stipulates that the transfer must be executed through an appropriate instrument that outlines the conditions of use and reversion of ownership. TxDOT is required to retain custody of this instrument after it is filed in the real property records of Fort Bend County. The bill is set to take effect on September 1, 2025.