OWNERSHIP OF LAND AND HOUSING UNITS.
Tex. LOC. GOV'T Code § 373B.005.
in effectA community land trust may retain title to land it acquires and may:
(1) sell housing units located on the land and lease the land under ground leases with terms of at least 99 years; or
(2) lease housing units located on the land.
Added by Acts 2011, 82nd Leg., R.S., Ch. 383 (S.B. 402 ), Sec. 1, eff. January 1, 2012.
