A municipality that reclaims or reconstructs submerged land under this subchapter may:

1. (1) sell, lease, or grant a franchise for the use of the land; and
2. (2) use revenue from the sale, lease, or franchise as provided by this subchapter.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.