Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 272.005 - Lease of Property to Governmental Entity(a) To promote a public purpose of the political subdivision, a political subdivision may: (1) lease property owned by the political subdivision to another political subdivision or an agency of the state or federal government; or(2) make an agreement to provide office space in property owned by the political subdivision to the other political subdivision or agency.(b) In acting under Subsection (a), the political subdivision:(1) shall determine the terms of the lease or agreement so as to promote and maintain the public purpose;(2) may provide for the lease of the property or provision of the office space at less than fair market value; and(3) is not required to comply with any competitive purchasing procedure or any notice and publication requirement imposed by this chapter or other law.Tex. Loc. Gov't. Code § 272.005
Added by Acts 2007, 80th Leg., R.S., Ch. 245, Sec. 1, eff. 5/25/2007.