Sec. 1433.024. LEASE OF PROJECT. (a) An issuer may, in accordance with this chapter, lease any or all of the issuer's industrial projects and medical projects.
(b) An issuer may lease property under this chapter only to a corporation organized under the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes).
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities
Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources
Subchapter B. Powers of Issuer
Section 1433.021. Acquisition of Project; Disposition
Section 1433.022. Limitations on Acquisitions
Section 1433.023. Authority to Issue Revenue Bonds
Section 1433.024. Lease of Project
Section 1433.025. Advertising for Certain Contracts; Performance and Payment Bonds