Joint Projects Related To Property

Sec. 8512.0319. JOINT PROJECTS RELATED TO PROPERTY. The authority may: (1) authorize any person to participate with the authority in the joint construction, acquisition, ownership, financing, operation, and maintenance of improvements, structures, facilities, equipment, and any other property in connection with the subject of the authorization, and all land, leaseholds, easements, and interests in the property that the board determines to be necessary or proper for, or in connection with, any corporate purpose; and (2) allow a joint participant to receive the portion of the revenue derived from the property that the board considers just, equitable, and proper. Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.02, eff. April 1, 2027. Text of section effective on April 01, 2027