Texas Statutes
Subchapter A. Bonds for Facilities to Be Sold or Leased to Public or Private Entities
Section 1509.002. Authority to Acquire Property for Sale or Lease to Institution of Higher Education

Sec. 1509.002. AUTHORITY TO ACQUIRE PROPERTY FOR SALE OR LEASE TO INSTITUTION OF HIGHER EDUCATION. (a) In this section, "institution of higher education" has the meaning assigned by Section 61.003, Education Code.
(b) This section applies only to a municipality that:
(1) has a population of more than 17,000 but less than 18,000; and
(2) is located in two counties with populations of 550,000 or more but less than 4.2 million.
(c) A municipality may acquire land and may construct or acquire a building or other facility for the purpose of selling or leasing the land, building, or other facility to an institution of higher education that will provide a significant number of vocational and vocational-technical education courses in the facility for public use.
(d) The municipality may sell or lease the property:
(1) without public notice or bidding; and
(2) on terms the governing body of the municipality finds acceptable.
(e) A municipality may not acquire land under this section by eminent domain.
(f) A sale under Subsection (c) may be by an installment sale agreement or otherwise.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 669, Sec. 32, eff. Sept. 1, 2001.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1163 (H.B. 2702), Sec. 32, eff. September 1, 2011.

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