§ 272.001 Notice of Sale or Exchange of Land by Political Subdivision; Exceptions
§ 272.002 Conveyances by Certain Political Subdivisions to the United States for Purposes Related to Waterways
§ 272.003 Rental of Office Space by County or Municipality for Unemployment Relief Administration
§ 272.004 Transfers of Property by Certain Political Subdivisions
§ 272.005 Lease of Property to Governmental Entity
§ 272.006 Sale or Transfer of Law Enforcement Vehicle
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Terms Used In Texas Local Government Code Chapter 272 - Sale or Lease of Property by Municipalities, Counties, and Certain Other Local Governments

  • Appraisal: A determination of property value.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Home-rule municipality: means a municipality designated by Chapter 5 as a home-rule municipality. See Texas Local Government Code 1.005
  • 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
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Population: means the population shown by the most recent federal decennial census. See Texas Government Code 311.005
  • 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.
  • United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005