(a) In this section, "political subdivision" has the same meaning as the term "issuer" under Section 1371.001, Government Code.
(b) A political subdivision may sell, lease as a lessee or lessor, or otherwise transfer property in the same manner as the subregional board of a regional transportation authority under Sections 452.108(d) and (e), Transportation Code.
(c) A sale, lease, or other transfer of property under this section must be approved by a majority of the voters voting at an election held within the boundaries of the political subdivision if the agreement:
(1) involves the levy by the political subdivision of a tax in an amount sufficient to make payments due under the agreement; and
(2) is executed on or after September 1, 1999.