Tex. Local Government Code § 379A.053
This is the official text of Tex. Local Government Code § 379A.053, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 379A.053. NATURE OF CORPORATE PROPERTY.
Official statutory text
(a) The legislature finds for all constitutional and statutory purposes that the corporation owns, uses, and holds its property for public purposes.
(b) Section 25.07(a), Tax Code, does not apply to a leasehold or other possessory interest granted by the corporation.
(c) Property owned by the corporation is exempt from taxation under Section 11.11, Tax Code, while the corporation owns the property.
(b) Section 25.07(a), Tax Code, does not apply to a leasehold or other possessory interest granted by the corporation.
(c) Property owned by the corporation is exempt from taxation under Section 11.11, Tax Code, while the corporation owns the property.
Status: in_force · Read it on the official government site
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