Texas Special District Local Laws Code 8508.0116 – Sale, Lease, Exchange, or Other Disposition of Property
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Special District Local Laws Code 8508.0116
- 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
- Property: means real and personal property. See Texas Government Code 311.005
The authority may:
(1) sell any property or interest in property owned by the authority by installments or otherwise, including a sale in any manner prescribed or authorized by:
(A) Section 552.014, Local Government Code;
(B) Chapter 30, Water Code; or
(C) Chapter 383, Health and Safety Code; or
(2) lease, exchange, or otherwise dispose of any property or interest in property.