Texas § 21.062 LEASE OF LAND OR IMPROVEMENT.

Texas Statutes

§ 21.062 — LEASE OF LAND OR IMPROVEMENT.

Texas § 21.062

Code TNTransportation Code

This text of Texas § 21.062 (LEASE OF LAND OR IMPROVEMENT.) 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. Transportation Code Code Ann. § 21.062 (2026).

Text

Sec. 21.062. LEASE OF LAND OR IMPROVEMENT.

(a)The department may lease land given to the department or an improvement on the land to any person if the department finds after investigation that:

(1)the lease is desirable or essential:

(A)to develop aeronautics for the common good and safety of the residents of this state; or

(B)to provide for catastrophe, disaster, or state or national emergency;

(2)the lessee is financially responsible; and

(3)the amount of periodic rental payments is at least equal to the amount that the department has spent for improvements on the land, amortized over the term of the lease.

(b)The department shall produce and maintain in the department's office a written statement of the findings required by Subsection (a).

(c)The department shall submit a lease

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Sec. 21.062. LEASE OF LAND OR IMPROVEMENT. (a) The department may lease land given to the department or an improvement on the land to any person if the department finds after investigation that:
(1) the lease is desirable or essential:
(A) to develop aeronautics for the common good and safety of the residents of this state; or
(B) to provide for catastrophe, disaster, or state or national emergency;
(2) the lessee is financially responsible; and
(3) the amount of periodic rental payments is at least equal to the amount that the department has spent for improvements on the land, amortized over the term of the lease.
(b) The department shall produce and maintain in the department's office a written statement of the findings required by Subsection (a).
(c) The department shall submit a lease entered into by the department to the attorney general for approval as to form before the lease becomes effective.