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Texas Local Government Code - LOC GOV'T § 505.1561 Projects Related to Airport Facilities in Certain Municipalities

Current as of January 01, 2024 | Updated by Findlaw Staff

For purposes of this chapter, “project” includes land, buildings, equipment, facilities, and improvements found by the board of directors to be required or suitable for the development or expansion of airport or railport facilities, including hangars, maintenance and repair facilities, cargo facilities, and related infrastructure located on or adjacent to an airport or railport facility, if the project is undertaken by a Type B corporation authorized to be created by a municipality:

(1) that enters into a development agreement with an entity in which the entity acquires a leasehold or other possessory interest from the corporation and is authorized to sublease the entity's interest for other projects authorized by Sections 505.151 through 505.156;  and

(2) the governing body of which has authorized the development agreement by adopting a resolution at a meeting called as authorized by law.

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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 505.1561 Projects Related to Airport Facilities in Certain Municipalities - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-505-1561/

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