Tex. Local Gov't Code Section 377.074
Public Purpose of Project

(a)

The legislature finds for all constitutional and statutory purposes that a development project is owned, used, and held for public purposes by the district.

(b)

Section 25.07 (Leasehold and Other Possessory Interests in Exempt Property)(a), Tax Code, does not apply to a leasehold or other possessory interest granted by the district while the district owns the development project.

(c)

The development project is exempt from taxation under Section 11.11 (Public Property), Tax Code, while the district owns the project.
Added by Acts 1997, 75th Leg., ch. 529, Sec. 1, eff. Sept. 1, 1997.

Source: Section 377.074 — Public Purpose of Project, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­377.­htm#377.­074 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 377.074’s source at texas​.gov