Texas Water Code 60.040 – Publication of Notice for Sales, Easements, and Leases in Excess of 50 Years
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(a) Before making a sale, easement, or lease of real property for more than 50 years, the district shall publish a notice in the manner provided in § 60.035.
(b) A district may enter into negotiations with one or more potential buyers, easement grantees, or lessees before the publication of the notice without affecting the validity of the sale, easement, or lease.
Terms Used In Texas Water Code 60.040
- 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.