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Terms Used In Texas Special District Local Laws Code 3840.107

  • 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
  • Property: means real and personal property. See Texas Government Code 311.005

The district may construct, purchase, sell, or lease property, including facilities, to accomplish a district purpose.