Texas § 505.1561 PROJECTS RELATED TO AIRPORT FACILITIES IN CERTAIN MUNICIPALITIES.

Texas Statutes

§ 505.1561 — PROJECTS RELATED TO AIRPORT FACILITIES IN CERTAIN MUNICIPALITIES.

Texas § 505.1561

Code LGLocal Government Code

This text of Texas § 505.1561 (PROJECTS RELATED TO AIRPORT FACILITIES IN CERTAIN MUNICIPALITIES.) 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. § 505.1561 (2026).

Text

Sec. 505.1561. PROJECTS RELATED TO AIRPORT FACILITIES IN CERTAIN MUNICIPALITIES. For purposes of this chapter, "project" includes land, buildings, equipment, facilities, and improvements found by the board of directors to be required or suitable for the development or expansion of airport or railport facilities, including hangars, maintenance and repair facilities, cargo facilities, and related infrastructure located on or adjacent to an airport or railport facility, if the project is undertaken by a Type B corporation authorized to be created by a municipality:

(1)that enters into a development agreement with an entity in which the entity acquires a leasehold or other possessory interest from the corporation and is authorized to sublease the entity's interest for other projects authorize

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

Sec. 505.1561. PROJECTS RELATED TO AIRPORT FACILITIES IN CERTAIN MUNICIPALITIES. For purposes of this chapter, "project" includes land, buildings, equipment, facilities, and improvements found by the board of directors to be required or suitable for the development or expansion of airport or railport facilities, including hangars, maintenance and repair facilities, cargo facilities, and related infrastructure located on or adjacent to an airport or railport facility, if the project is undertaken by a Type B corporation authorized to be created by a municipality:
(1) that enters into a development agreement with an entity in which the entity acquires a leasehold or other possessory interest from the corporation and is authorized to sublease the entity's interest for other projects authorized by Sections 505.151 through 505.156 ; and
(2) the governing body of which has authorized the development agreement by adopting a resolution at a meeting called as authorized by law.

Legislative History

Added by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969 ), Sec. 15.014(a), eff. September 1, 2009. Amended by: Acts 2009, 81st Leg., R.S., Ch. 150 (S.B. 2052 ), Sec. 2, eff. September 1, 2009.