Tex. Loc. Gov't Code § 272.004 · Chapter 272. SALE OR LEASE OF PROPERTY BY MUNICIPALITIES, COUNTIES, AND CERTAIN OTHER LOCAL GOVERNMENTS
TRANSFERS OF PROPERTY BY CERTAIN POLITICAL SUBDIVISIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section, "political subdivision" has the same meaning as the term "issuer" under Section 1371.001, Government Code.
(b) A political subdivision may sell, lease as a lessee or lessor, or otherwise transfer property in the same manner as the subregional board of a regional transportation authority under Sections 452.108(d) and (e), Transportation Code.
(c) A sale, lease, or other transfer of property under this section must be approved by a majority of the voters voting at an election held within the boundaries of the political subdivision if the agreement:
(1) involves the levy by the political subdivision of a tax in an amount sufficient to make payments due under the agreement; and
(2) is executed on or after September 1, 1999.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 1284, Sec. 1, eff. Aug. 30, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.300, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.272.htm
- Text hash
- sha256 024b6d11b17576630c29949d5892f0af1531989f2fbc56edd84b247be4e6e2b8
- 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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