Texas Agriculture Code

§ 60.152 — DISPOSITION OF PROPERTY OF DISSOLVED DISTRICT

AG § 60.152Title 4. AGRICULTURAL ORGANIZATIONS · Ch. 60. TEXAS AGRICULTURAL DEVELOPMENT DISTRICTS · Art. G. DISSOLUTION

Statute text

Prior to dissolution, the board may sell its property. If the purchaser of any district property is not a governmental entity, purchase by the person renders the agricultural facility or other property ineligible to issue tax-exempt securities, to impose assessments, or to be eligible for tax-exempt status.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1393, Sec. 1, eff. June 16, 2001.