Sec. 272.005.  LEASE OF PROPERTY TO GOVERNMENTAL ENTITY.  (a)  To promote a public purpose of the political subdivision, a political subdivision may:
(1)  lease property owned by the political subdivision to another political subdivision or an agency of the state or federal government; or
(2)  make an agreement to provide office space in property owned by the political subdivision to the other political subdivision or agency.
(b)  In acting under Subsection (a), the political subdivision:
(1)  shall determine the terms of the lease or agreement so as to promote and maintain the public purpose;
(2)  may provide for the lease of the property or provision of the office space at less than fair market value; and
(3)  is not required to comply with any competitive purchasing procedure or any notice and publication requirement imposed by this chapter or other law.
Added by Acts 2007, 80th Leg., R.S., Ch. 245 (H.B. 2618), Sec. 1, eff. May 25, 2007.