Texas Statutes
§ 373A.103 — PURPOSE OF TRUST.
Texas § 373A.103
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 373A.103 (PURPOSE OF TRUST.) 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. § 373A.103 (2026).
Text
Sec. 373A.103. PURPOSE OF TRUST. The purpose of a trust is to:
(1)control local land use and reduce absentee ownership;
(2)provide affordable housing for low-income and moderate-income residents in the community;
(3)promote resident ownership and control of housing;
(4)keep housing affordable for future residents; and
(5)capture the value of public investment for long-term community benefit.
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Legislative History
Added by Acts 2005, 79th Leg., Ch. 495 (H.B. 525 ), Sec. 1, eff. September 1, 2005.
Nearby Sections
15
§ 373A.001
PURPOSE.§ 373A.002
DEFINITIONS.§ 373A.003
APPLICABILITY OF CHAPTER.§ 373A.051
MUNICIPAL POWER TO DESIGNATE DISTRICT.§ 373A.052
ELIGIBILITY FOR DESIGNATION.§ 373A.0521
DISSOLUTION.§ 373A.053
INVENTORY OF PROPERTIES.§ 373A.101
CREATION.§ 373A.102
NATURE OF NONPUBLIC TRUST.§ 373A.103
PURPOSE OF TRUST.§ 373A.104
BOARD OF DIRECTORS.§ 373A.105
TITLE TO LAND.§ 373A.106
SALE OR LEASE OF HOUSING UNITS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 373A.103, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/373A.103.