Texas Local Government Code 379B.0012 – Application of Other Law
(a) In this section, “qualifying project” means any real estate project involving the construction of:
(1) tenant finish-out or construction of a build-to-suit facility for a tenant who, through the execution of a lease with an authority, pays for or reimburses the authority for the cost of the improvements;
(2) infrastructure improvements, including roads, driveways, or utility extensions, made in connection with the sale or lease of property owned by the authority and for which the proceeds of the sale or the lease are used to reimburse the authority for the infrastructure improvements; or
(3) an income-producing facility that generates revenue for the authority and that is constructed by a private developer with special expertise in development.
(b) Chapters 2267 and 2269, Government Code, do not apply to a qualifying project of an authority.
Terms Used In Texas Local Government Code 379B.0012
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: means real and personal property. See Texas Government Code 311.005