Sec. 305.017. SALE BY MUNICIPALITY. (a) If the governing body of the municipality affirmatively finds that the escalating burdens and costs of operating its stadium or coliseum acquired under this subchapter have caused continued ownership to cease to be economically feasible, resulting in increasing and unnecessary burdens on the taxpayers of the municipality, the governing body, after giving at least 14 days' notice of and holding a public hearing on the question, may sell the stadium or coliseum to another public or private entity.
(b) The sale shall be on the terms as the governing body may approve. The municipality has all power necessary and appropriate to complete the sale in accordance with the terms of the sale.
Added by Acts 1989, 71st Leg., ch. 1, Sec. 66(a), eff. Aug. 28, 1989.
Structure Texas Statutes
Title 9 - Public Buildings and Grounds
Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government
Chapter 305 - Miscellaneous Public Building Provisions Affecting Municipalities and Counties
Subchapter B. Sale of Coliseum or Stadium Between Municipality and County
Section 305.011. Municipality and County Covered by Subchapter
Section 305.012. Sale by County
Section 305.013. Terms of Agreement
Section 305.014. Payments by Municipality
Section 305.015. Delivery of Deed