Texas Government Code 1509.002 – Authority to Acquire Property for Sale or Lease to Institution of Higher Education
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(a) In this section, “institution of higher education” has the meaning assigned by § 61.003, Education Code.
(b) This section applies only to a municipality that:
(1) has a population of more than 17,000 but less than 18,000; and
(2) is located in two counties.
Terms Used In Texas Government Code 1509.002
- 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
- Population: means the population shown by the most recent federal decennial census. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
(c) A municipality may acquire land and may construct or acquire a building or other facility for the purpose of selling or leasing the land, building, or other facility to an institution of higher education that will provide a significant number of vocational and vocational-technical education courses in the facility for public use.
(d) The municipality may sell or lease the property:
(1) without public notice or bidding; and
(2) on terms the governing body of the municipality finds acceptable.
(e) A municipality may not acquire land under this section by eminent domain.
(f) A sale under Subsection (c) may be by an installment sale agreement or otherwise.