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Business and Commerce; Economic Development; Municipalities; Funds

JC-0109

Texas Attorney General Opinion

Development corporation, city that established it may not give public money or free services to but may provide funding and services in exchange for consideration, subject to certain limitations|Development corporation, city that established it may not give public money or free services to but may provide funding and services in exchange for consideration, subject to certain limitations\r\n|Development corporation may sell or lease project to city that established corporation, subject to certain limitations|Development corporation not subject to provisions governing land sales of political subdivisions but must ensure that property purchased with sales and use tax proceeds is sold for fair market value and its board must approve transaction in compliance wit

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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.