Tex. Loc. Gov't Code § 377.074

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

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(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, Tax Code, while the district owns the project.

Tex. Loc. Gov't. Code § 377.074

Added by Acts 1997, 75th Leg., ch. 529, Sec. 1, eff. 9/1/1997.