Sec. 3843.152. PARKING FACILITIES AUTHORIZED; OPERATION BY PRIVATE ENTITY; TAX EXEMPTION. (a) The district may acquire, lease as lessor or lessee, construct, develop, own, operate, and maintain parking facilities, including:
(1) lots, garages, parking terminals, or other structures or accommodations for the parking of motor vehicles; and
(2) equipment, entrances, exits, fencing, and other accessories necessary for safety and convenience in the parking of vehicles.
(b) A parking facility of the district must be either leased to or operated on behalf of the district by a private entity or an entity other than the district. The district's parking facilities are a program authorized by the legislature under Section 52-a, Article III, Texas Constitution, and accomplish a public purpose under that section even if leased or operated by a private entity for a term of years.
(c) The district's public parking facilities and any lease to a private entity are exempt from the payment of ad valorem taxes and state and local sales and use taxes.
Added by Acts 2005, 79th Leg., Ch. 769 (H.B. 3518), Sec. 1, eff. June 17, 2005.Section: Previous 3843.101 3843.102 3843.103 3843.104 3843.105 3843.106 3843.151 3843.152 3843.153 3843.154 3843.155 3843.201 3843.202 3843.203 3843.204 Next
Last modified: September 28, 2016