Texas · Texas Transportation Code
Tex. Transp. Code § 54.113: LEASE OR SALE OF PORT IMPROVEMENTS AND FACILITIES
What this law says, in plain English
A municipality or board may lease, sublease, or sell port improvements and facilities financed by revenue obligations. Lease or sale agreements may include provisions for facility sale at lease end, lessee operation, and obligatory payments covering principal, interest, and premiums on financing obligations.
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