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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 377.074. Public Purpose of Project - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-377-074/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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