Texas Agriculture Code 201.104 – Acquisition, Administration, and Sale of Real or Personal Property
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Terms Used In Texas Agriculture Code 201.104
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
- Personal property: All property that is not real property.
- Property: means real and personal property. See Texas Government Code 311.005
A conservation district may obtain options on or acquire in any manner, including purchase, exchange, lease, gift, grant, bequest, or devise, any real or personal property or rights or interests in real or personal property. In addition, the conservation district may:
(1) maintain, administer, or improve the property;
(2) receive income from the property and expend that income in carrying out this chapter; or
(3) sell, lease, or otherwise dispose of the property or interests in the property in furtherance of this chapter.