Tex. Local Gov't Code Section 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.

Source: Section 507.102 — Acquisition, Mortgage, or Disposal of Property, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­507.­htm#507.­102 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 507.102’s source at texas​.gov