Texas HB5092 amends the Lubbock Reese Redevelopment Authority's operations and dissolution, and agreements with Texas Tech University.
Texas HB5092 amends the operations and dissolution of the Lubbock Reese Redevelopment Authority and agreements with Texas Tech University. The authority's purpose includes business development, infrastructure improvements, and applied research site establishment. The authority can transfer base property to Texas Tech University, with remaining assets going to Texas Tech or the City of Lubbock. The authority can enter into interagency agreements with Texas Tech University for research and development activities. The act takes effect September 1, 2025.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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