Texas SB2694 amends the Lubbock Reese Redevelopment Authority's operations and dissolution, facilitating property transfers to Texas Tech University.
Texas SB2694 amends the Special District Local Laws Code to redefine the Lubbock Reese Redevelopment Authority's purpose, focusing on industrial, commercial, and business development, including national security and critical infrastructure technology. The bill allows the authority to enter into agreements with Texas Tech University for research and development. It mandates the transfer of base property to Texas Tech University and outlines conditions for the authority's dissolution.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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