Sec. 394.903.  LOCATION OF RESIDENTIAL DEVELOPMENT;  RESIDENTIAL DEVELOPMENT SITES.  (a)  A residential development covered by this chapter must be located within the local government.
(b)  The local government may transfer any residential development site to a housing finance corporation by sale or lease.  The governing body of the local government may authorize the transfer by resolution without submitting the issue to the voters and without regard to the requirements, restrictions, limitations, or other provisions contained in any other general, special, or local law.  The site may be located wholly or partly inside or outside the local government.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.