Tex. Gov't Code § 1508.004 · Subchapter A. OBLIGATIONS FOR PARKS, RECREATIONAL FACILITIES, AND AIRPORTS
AUTHORITY TO GRANT FRANCHISE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
As additional security for an obligation described by Section 1508.002, a municipality may, under the terms of the encumbrance, grant to the purchaser under sale or foreclosure a franchise to operate the facility or land for a term not to exceed 20 years from the date of purchase, subject to all laws regulating same then in force.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1508.htm
- Text hash
- sha256 4af3a4431411c5cd96835b04031fac9cfb177871e94cc6ceb2b6d9769366a4f4
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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