Texas Local Government Code 306.033 – Land Acquired in Name of Board; Sale of Land
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Terms Used In Texas Local Government Code 306.033
- 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
Any interest in land acquired by lease or otherwise and used in connection with a park under this chapter may be acquired in the name of the board. The interest may be sold only if:
(1) the sale is made by the titleholder in compliance with the municipal charter or in compliance with Subchapter A, Chapter 263; and
(2) contractual arrangements are made for the retirement of any indebtedness associated with the interest and issued under this chapter.