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Terms Used In Texas Special District Local Laws Code 8511.0319

  • 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

The authority may:
(1) sell any property or interest in property of any kind owned by the authority by installments or otherwise, including a sale in any manner prescribed or permitted by:
(A) Chapter 383, Health and Safety Code;
(B) § 552.014, Local Government Code; or
(C) Chapter 30, Water Code; or
(2) lease, exchange, or otherwise dispose of any property described by Subdivision (1) or interest in property.