Texas Special District Local Laws Code 3905.110 – Real Property
Current as of: 2024 | Check for updates
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(a) The district may buy, sell, own, or lease real property.
(b) The district may receive real property as a gift from any person.
Terms Used In Texas Special District Local Laws Code 3905.110
- 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
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.