Tex. Local Government Code § 272.004
TRANSFERS OF PROPERTY BY CERTAIN POLITICAL SUBDIVISIONS
Texas · Texas Local Government Code · Status: effective
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- Citation
- Tex. Local Government Code § 272.004, TRANSFERS OF PROPERTY BY CERTAIN POLITICAL SUBDIVISIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/691607
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Full text
(a) In this section, "political subdivision" has the same meaning as the term "issuer" under Section 1371.001, Government Code.
(b) A political subdivision may sell, lease as a lessee or lessor, or otherwise transfer property in the same manner as the subregional board of a regional transportation authority under Sections 452.108(d) and (e), Transportation Code.
(c) A sale, lease, or other transfer of property under this section must be approved by a majority of the voters voting at an election held within the boundaries of the political subdivision if the agreement:
(1) involves the levy by the political subdivision of a tax in an amount sufficient to make payments due under the agreement; and
(2) is executed on or after September 1, 1999.