Subject to Sections 394.031(c) and (d), a local government may transfer any residential development site to a housing finance corporation by sale or lease. The governing body of the local government may authorize the transfer by resolution without submitting the issue to the voters and without regard to the requirements, restrictions, limitations, or other provisions contained in any other general, special, or local law.
Tex. Loc. Gov't Code § 394.903
TRANSFER OF RESIDENTIAL DEVELOPMENT SITES
Known as the Texas Housing Finance Corporations Act
The act spans §§ 394.001 to 394.907 (48 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.