Texas Local Government Code 51.015 – Authority to Hold, Purchase, Lease, or Convey Property
Current as of: 2024 | Check for updates
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(a) To carry out a municipal purpose, the municipality may take, hold, purchase, lease, grant, or convey property located in or outside the municipality.
(b) The governing body of the municipality may manage and control the property belonging to the municipality.
Terms Used In Texas Local Government Code 51.015
- 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
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
- Property: means real and personal property. See Texas Government Code 311.005