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(a) A spaceport development corporation may acquire property but only if a site in the territory of the authorizing entity has been designated as the site for a spaceport.
(b) A spaceport development corporation may:
(1) mortgage property; or
(2) convey or otherwise dispose of property.
Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 507.102. Acquisition, Mortgage, or Disposal of Property - last updated April 14, 2021 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-507-102.html
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