Texas Special District Local Laws Code 4501.003 – Purposes of Authority
(a) The authority is created to:
(1) purchase, own, hold, lease, and otherwise acquire facilities or other property to operate and maintain the Texas State Railroad;
(2) continue and improve the operation of the Texas State Railroad as a public recreational, historical, and cultural resource;
(3) operate concessions, museums, campgrounds, and other facilities associated with the Texas State Railroad; and
(4) enhance, augment, and improve the historical, educational, and cultural benefits offered by the Texas State Railroad.
(b) The creation of the authority is necessary to promote, develop, encourage, and maintain employment, commerce, transportation, tourism, recreation, the arts, entertainment, economic development, and public welfare in Anderson and Cherokee Counties.
Terms Used In Texas Special District Local Laws Code 4501.003
- 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