Sec. 2204.504. PAYMENTS IN LIEU OF TAXES. The United States must remit an amount equal to one percent of the purchase price of acquired land each year in lieu of taxes to the counties and school districts in which the land is located.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle E - Government Property
Chapter 2204 - Acquisition of Land for State and Federal Purposes
Subchapter F. Consent to Federal Acquisition of Land for Flood Control in Trinity Watershed
Section 2204.501. Application of Subchapter
Section 2204.502. Consent of State
Section 2204.503. Certain Reservations Permitted
Section 2204.504. Payments in Lieu of Taxes
Section 2204.505. Concurrent Jurisdiction Retained for Certain Purposes