Sec. 373B.005. OWNERSHIP OF LAND AND HOUSING UNITS. A 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.
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