Texas § 307.023 LEASES AND OPERATING AGREEMENTS.

Texas Statutes

§ 307.023 — LEASES AND OPERATING AGREEMENTS.

Texas § 307.023

Code LGLocal Government Code

This text of Texas § 307.023 (LEASES AND OPERATING AGREEMENTS.) 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. Local Government Code Code Ann. § 307.023 (2026).

Text

Sec. 307.023. 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 issue

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Sec. 307.023. 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.
SUBCHAPTER C. FINANCING