Texas Special District Local Laws Code 3890.152 – Parking Facilities Authorized; Operation by Private Entity; Tax Exemption
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(a) The district may acquire, lease as lessor or lessee, construct, develop, own, operate, and maintain parking facilities or a system of parking facilities, including:
(1) lots, garages, parking terminals, or other structures or accommodations for parking motor vehicles off the streets; and
(2) equipment, entrances, exits, fencing, and other accessories necessary for safety and convenience in parking vehicles.
(b) A parking facility of the district may be leased to or operated on behalf of the district by an entity other than the district.
Terms Used In Texas Special District Local Laws Code 3890.152
- 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
(c) The district’s parking facilities are a program authorized by the legislature under § 52-a, Article III, Texas Constitution.
(d) The district’s parking facilities serve the public purposes of the district and are owned, used, and held for a public purpose even if leased or operated by a private entity for a term of years.