Texas Government Code 1505.069 – Sale or Lease of Reclaimed or Reconstructed Land
Current as of: 2024 | Check for updates
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Terms Used In Texas Government Code 1505.069
- 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
A municipality that reclaims or reconstructs submerged land under this subchapter may:
(1) sell, lease, or grant a franchise for the use of the land; and
(2) use revenue from the sale, lease, or franchise as provided by this subchapter.