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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The board may lease all or part of the district's property, including facilities or equipment, on terms the board considers to be in the best interest of the district's residents. The term of the lease may not exceed 25 years from the date entered.
(b) The board may:
(1) lease or acquire property, including facilities or equipment, for the use of the district; and
(2) mortgage or pledge the property as security for the payment of the purchase price.
(c) The board may sell or otherwise dispose of property, including facilities or equipment, for the district. Sale or other disposal under this subsection must be at a public sale and at a price and on terms the board determines are most advantageous to the district.
(d) The board may donate to another governmental entity or to a charitable organization any surplus personal property or equipment if the donation serves a public purpose and is accompanied by adequate consideration. (Acts 64th Leg., R.S., Ch. 658, Secs. 10(b), (c), (d), 11(c) (part).)
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1110.108. District Property, Facilities, and Equipment - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1110-108/
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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