Texas § GV.1504.012 - TERM OF CERTAIN LEASES
Full text of Texas The Texas Constitution § GV.1504.012 — TERM OF CERTAIN LEASES, with citation guidance and answers to common questions.
§ GV.1504.012. TERM OF CERTAIN LEASES
TERM OF CERTAIN LEASES. In a municipality with a population of one million or more, a lease entered into under Section 1504.001 may have a term not to exceed 60 years if: (1) the lessee proposes to invest more than $20 million: (A) to renovate or redevelop an existing civic center building and facilities that are used in connection with and are located at or in the immediate vicinity of that building; or (B) to develop a new building or facilities on land administered, operated, or used as a civic center property; and (2) the governing body of the municipality finds that: (A) the renovated or redeveloped building and facilities or the new building or facilities will generate additional revenue for the municipality; and (B) a term that exceeds 30 years is necessary to enable the lessee to recoup its investment or to obtain financing for the project. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2003, 78th Leg., ch. 1253, Sec. 1, eff. June 20, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1504.012
What does The Texas Constitution § GV.1504.012 cover?
Section GV.1504.012 ("TERM OF CERTAIN LEASES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.1504.012?
A common citation format is "The Texas Constitution § GV.1504.012" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.1504.012 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.