Sec. 281.045. DURATION OF CERTAIN LEASES. 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. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Duration of Certain Leases
Tex. Local Government Code § 281.045, under Chapter 281.
Tex. Local Government Code § 281.045