Government Code § 1503.154
A municipality that has encumbered an airport under Section 1503.153 may include a franchise grant for the purchaser at sale or foreclosure to operate the airport and its improvements, but the franchise may last no more than 30 years from purchase.
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- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Language
- en
- Official source
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airport financing foreclosure franchise grants
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Government Code § 1503.154
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