Texas Local Government Code 325.036 – Acquisition of Property for Site
Current as of: 2024 | Check for updates
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(a) The district may acquire by gift, grant, purchase, or condemnation any land, easements, rights-of-way, and other property interests necessary to construct or improve a sports facility.
(b) The district may lease property on terms the board determines advantageous to the district.
Terms Used In Texas Local Government Code 325.036
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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