Texas Transportation Code 22.012 – Financing of Airport Facilities
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Terms Used In Texas Transportation Code 22.012
- Property: means real and personal property. See Texas Government Code 311.005
Under § 52-a, Article III, Texas Constitution, a local government may finance facilities to be located on airport property, other than those described by § 22.011(b)(1), that the local government determines to be:
(1) beneficial to the operation or economic development of an airport; and
(2) for the public purpose of development and diversification of the economy.