Sec. 507.102. ACQUISITION, MORTGAGE, OR DISPOSAL OF PROPERTY. (a) A spaceport development corporation may acquire property but only if a site in the territory of the authorizing entity has been designated as the site for a spaceport. (b) A spaceport development corporation may: (1) mortgage property; or (2) convey or otherwise dispose of property. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Acquisition, Mortgage, Or Disposal of Property
Tex. Local Government Code § 507.102, under Chapter 507.
Tex. Local Government Code § 507.102