Sec. 501.154. CONVEYANCE OF PROPERTY TO INSTITUTION OF HIGHER EDUCATION. With respect to a project, a corporation may donate, exchange, convey, sell, or lease land, improvements, or any other interest in real property, fixtures, furnishings, equipment, or personal property to an institution of higher education for a legal purpose of the institution, on the terms the corporation's board of directors considers advisable and not in conflict with this subtitle.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Structure Texas Statutes
Title 12 - Planning and Development
Chapter 501 - Provisions Governing Development Corporations
Subchapter D. Corporate Powers and Limitations Relating to Projects
Section 501.151. Authority to Finance Project
Section 501.152. Definition of Cost With Respect to Project
Section 501.153. Lease or Sale of Project
Section 501.154. Conveyance of Property to Institution of Higher Education
Section 501.155. Loan to Finance Project
Section 501.156. Agreement Must Benefit Corporation
Section 501.157. Default on Agreement; Enforcement
Section 501.158. Performance Agreements
Section 501.159. Powers Concerning Projects; Jurisdiction
Section 501.160. Owning or Operating Project as Business
Section 501.161. Certain Economic Incentives Prohibited
Section 501.162. Use of Tax Revenue for Job Training
Section 501.163. Use of Tax Revenue for Job-Related Skills Training by Certain Corporations