Texas § 1508.207 DISCONTINUATION OF SEA LIFE PARK AND OCEANARIUM; SALE OR LEASE OF SURPLUS PROPERTY.

Texas Statutes

§ 1508.207 — DISCONTINUATION OF SEA LIFE PARK AND OCEANARIUM; SALE OR LEASE OF SURPLUS PROPERTY.

Texas § 1508.207

Code GVGovernment Code

This text of Texas § 1508.207 (DISCONTINUATION OF SEA LIFE PARK AND OCEANARIUM; SALE OR LEASE OF SURPLUS PROPERTY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 1508.207 (2026).

Text

Sec. 1508.207. DISCONTINUATION OF SEA LIFE PARK AND OCEANARIUM; SALE OR LEASE OF SURPLUS PROPERTY.

(a)The governing body of a municipality by ordinance may abandon the use of property for a sea life park and oceanarium and sell or lease the property for any purpose the governing body determines is appropriate and in the interest of the residents of the municipality if:

(1)the property was partly or wholly financed under this subchapter; and

(2)the governing body finds that use of the property as a sea life park and oceanarium should be abandoned because:

(A)the sea life park and oceanarium is no longer economically feasible; and

(B)the continued use of the property as a sea life park and oceanarium would be unprofitable.

(b)The municipality must sell property under this section only

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 1508.207. DISCONTINUATION OF SEA LIFE PARK AND OCEANARIUM; SALE OR LEASE OF SURPLUS PROPERTY. (a) The governing body of a municipality by ordinance may abandon the use of property for a sea life park and oceanarium and sell or lease the property for any purpose the governing body determines is appropriate and in the interest of the residents of the municipality if:
(1) the property was partly or wholly financed under this subchapter; and
(2) the governing body finds that use of the property as a sea life park and oceanarium should be abandoned because:
(A) the sea life park and oceanarium is no longer economically feasible; and
(B) the continued use of the property as a sea life park and oceanarium would be unprofitable.
(b) The municipality must sell property under this section only to the highest and best bidder as required for other property sold by the municipality.
(c) The municipality may lease property under this section for another purpose for a term and under such other provisions as agreed to by the governing body.
(d) The municipality shall apply rent received under a lease under Subsection (c) as required by any ordinance authorizing the issuance of certificates of indebtedness secured in whole or in part by revenue derived from the sea life park and oceanarium.