Texas § LG.307.023 - LEASES AND OPERATING AGREEMENTS
Full text of Texas The Texas Constitution § LG.307.023 — LEASES AND OPERATING AGREEMENTS, with citation guidance and answers to common questions.
§ LG.307.023. LEASES AND OPERATING AGREEMENTS
LEASES AND OPERATING AGREEMENTS. (a) The governing body of the municipality may enter into any contract in connection with the pier and its facilities on terms it considers to be in the best interest of the municipality, including: (1) a lease under which all or part of the pier is leased to one or more other parties; and (2) an operating contract under which all or part of the pier is to be operated by one or more other parties. (b) A lease or operating contract must be authorized by ordinance or resolution adopted by the governing body and may cover any term of years not to exceed 40 years from the date of the lease or contract. (c) All or part of the proceeds derived by the municipality from a lease or operating contract may be pledged to the payment of revenue bonds issued by the municipality under Subchapter C. (d) A lease may authorize the lessee to acquire or construct improvements or facilities and may provide for the transfer of the improvements or facilities to the municipality at the termination of the lease. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. SUBCHAPTER C. FINANCING
Frequently Asked Questions About Texas § LG.307.023
What does The Texas Constitution § LG.307.023 cover?
Section LG.307.023 ("LEASES AND OPERATING AGREEMENTS") 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 § LG.307.023?
A common citation format is "The Texas Constitution § LG.307.023" (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 § LG.307.023 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.