Texas Local Government Code 601.039 – Conveyance of Property
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(a) The municipality, by resolution or an instrument authorized by a resolution, may convey property to an authority for use in a project.
(b) The legal title to real property conveyed remains with the municipality, but the authority may, until it ceases to exist, use the property.
Terms Used In Texas Local Government Code 601.039
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
- Personal property: All property that is not real property.
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(c) Legal title to personal property conveyed passes to the authority.