If an authority leases to or from any person all or part of any facilities constructed or acquired, or to be constructed or acquired, by the authority, the lease may not be for a term longer than 40 years.
Tex. Loc. Gov't Code § 281.045
DURATION OF CERTAIN LEASES
Known as the Civic Center Authority Act
The act spans §§ 281.001 to 281.093 (51 sections).
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.