Sec. 431.0301. ACQUISITION; MANAGEMENT; PLEDGE OF RENTS, ISSUES, AND PROFITS

(a) The adjutant general by gift, lease, or purchase may acquire real and personal property, including leasehold estates in real property, for use for any purpose the adjutant general considers necessary in connection with the state military forces or for the use of units of the state military forces.

(b) The adjutant general by gift, purchase, or construction may acquire furniture and equipment suitable for facility purposes.

(c) The adjutant general may:

(1) hold, manage, or maintain the property;

(2) after the analysis required under Section 431.0308, if applicable, lease or sell the property; and

(3) pledge all or part of the rents, issues, and profits of the property.

Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1997, 75th Leg., ch. 1168, Sec. 2, eff. Sept. 1, 1997. Transferred from Government Code, Section 435.021 and amended by Acts 2007, 80th Leg., R.S., Ch. 1335 , Sec. 6, eff. September 1, 2007. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 686 , Sec. 1, eff. September 1, 2011.