Tex. Loc. Gov't Code § 253.012 · Chapter 253. SALE OR LEASE OF PROPERTY BY MUNICIPALITIES
CONVEYANCE TO ECONOMIC DEVELOPMENT CORPORATION BY CERTAIN MUNICIPALITIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section, "economic development corporation" means a Type A corporation governed by Chapter 504 or a Type B corporation governed by Chapter 505.
(b) This section applies only to a municipality with a population of 20,000 or less.
(c) A municipality may transfer to an economic development corporation, for consideration described by this section, real property or an interest in real property without complying with the notice and bidding requirements of Section 272.001(a) or other law.
(d) Consideration for a transfer authorized by this section is in the form of an agreement between the parties that requires the economic development corporation to use the property in a manner that primarily promotes a public purpose of the municipality. If the economic development corporation at any time fails to use the property in that manner, ownership of the property automatically reverts to the municipality.
(e) The municipality shall transfer the property by an appropriate instrument of transfer. The instrument must include a provision that:
(1) requires the economic development corporation to use the property in a manner that primarily promotes a public purpose of the municipality; and
(2) indicates that ownership of the property automatically reverts to the municipality if the nonprofit organization at any time fails to use the property in that manner.
(f) A municipality may not transfer property to an economic development corporation under this section if the municipality acquired the property through eminent domain.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 1158 (H.B. 3072), Sec. 1, eff. June 19, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.253.htm
- Text hash
- sha256 3d96dbdb7cee5db5df030ee7d381a568c96cb050c45b9877eef38a79cdf84eb3
- 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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