Section 272.004 - Transfers of Property By Certain Political Subdivisions(a) In this section, "political subdivision" has the same meaning as the term "issuer" under Section 1371.001, Government Code.(b) A political subdivision may sell, lease as a lessee or lessor, or otherwise transfer property in the same manner as the subregional board of a regional transportation authority under Sections 452.108(d) and (e), Transportation Code.(c) A sale, lease, or other transfer of property under this section must be approved by a majority of the voters voting at an election held within the boundaries of the political subdivision if the agreement:(1) involves the levy by the political subdivision of a tax in an amount sufficient to make payments due under the agreement; and(2) is executed on or after September 1, 1999.Tex. Loc. Gov't. Code § 272.004
Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.300, eff. 9/1/2001.Added by Acts 1999, 76th Leg., ch. 1284, Sec. 1, eff. 8/30/1999.