Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 10. GENERAL GOVERNMENT |
Subtitle E. GOVERNMENT PROPERTY |
Chapter 2204. ACQUISITION OF LAND FOR STATE AND FEDERAL PURPOSES |
Subchapter F. CONSENT TO FEDERAL ACQUISITION OF LAND FOR FLOOD CONTROL IN TRINITY WATERSHED |
Sec. 2204.504. PAYMENTS IN LIEU OF TAXES
Latest version.
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The United States must remit an amount equal to one percent of the purchase price of acquired land each year in lieu of taxes to the counties and school districts in which the land is located.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.