Tex. Local Government Code § 379H.201
This is the official text of Tex. Local Government Code § 379H.201, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 379H.201. GENERAL FINANCING.
Official statutory text
(a) A land bank may receive funding through grants and loans from the municipality that created the land bank, other municipalities, this state, the federal government, and other public or private sources.
(b) A land bank may receive and retain payments for services rendered, for rents and leasehold payments received, for consideration for disposition of real and personal property, for proceeds of insurance coverage for losses incurred, for income from investments, and for any other asset or activity permitted under this chapter.
(b) A land bank may receive and retain payments for services rendered, for rents and leasehold payments received, for consideration for disposition of real and personal property, for proceeds of insurance coverage for losses incurred, for income from investments, and for any other asset or activity permitted under this chapter.
Status: in_force · Read it on the official government site
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