Sec. 1505.161. LEASE AND SALE OF FACILITIES. Subject to any prior covenant or agreement relating to an outstanding revenue bond issued to acquire or construct a fish market under this subchapter, the governing body of a municipality may:
(1) lease all or part of the facilities of the market and property associated with the market for a period not longer than 20 years to any person, firm, or corporation; and
(2) sell all or part of the facilities of the market and property associated with the market to any person, firm, or corporation.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters
Subchapter D. Obligations for Fish Markets by Certain Coastal Municipalities
Section 1505.151. Applicability of Subchapter
Section 1505.152. Authority to Acquire or Construct Fish Market
Section 1505.153. Authority to Issue Obligations
Section 1505.154. Authority to Accept Loans and Grants From United States
Section 1505.155. Security for Payment of Obligations
Section 1505.156. Obligations Not Payable From Taxes
Section 1505.158. Operating Expenses as First Lien
Section 1505.159. Use of Revenue