Texas Local Government Code 399.012 – Direct Acquisition by Owner
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Local Government Code 399.012
- Contract: A legal written agreement that becomes binding when signed.
- 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
The proposed arrangements for financing a qualified project may authorize the property owner to:
(1) purchase directly the related equipment and materials for the installation or modification of a qualified improvement; and
(2) contract directly, including through lease, power purchase agreement, or other service contract, for the installation or modification of a qualified improvement.