PURPOSE
Known as the Public Property Finance Act
The act spans §§ 271.001 to 271.009 (10 sections).
Applied in 1 court decision — leading case Bandera Independent School District v. Hamilton (1999)
Most recently applied in Bandera Independent School District v. Hamilton (May 1999)
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff
(a) The legislature finds that the purchase or other acquisition or the use of property by governmental agencies and the financing of those activities are necessary to the efficient and economic operation of government.
(b) This subchapter promotes a public purpose by furnishing governmental agencies with a feasible means to purchase or otherwise acquire, use, and finance public property.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.