Sec. 507.102. ACQUISITION, MORTGAGE, OR DISPOSAL OF PROPERTY. (a) A spaceport development corporation may acquire property but only if a site in the territory of the authorizing entity has been designated as the site for a spaceport.
(b) A spaceport development corporation may:
(1) mortgage property; or
(2) convey or otherwise dispose of property.
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 507 - Spaceport Development Corporations
Subchapter C. Powers and Duties
Section 507.101. General Powers and Limitations of Corporation
Section 507.102. Acquisition, Mortgage, or Disposal of Property
Section 507.103. Eminent Domain
Section 507.105. General Powers Related to Finances
Section 507.106. Donations, Grants, and Loans
Section 507.107. Authority to Sue and Be Sued
Section 507.108. Higher Education Courses and Degree Programs