1. (a) A municipality may acquire land and may construct or acquire a building or other facility for the purpose of leasing the land, building, or other facility to:

   1. (1) a political subdivision or state agency for public use;
   2. (2) an individual, private corporation, or other private entity for use in manufacturing or another commercial activity; or
   3. (3) if the municipality is a defense community as defined by Section 397.001, Local Government Code, the federal government to enhance the military value of a military facility located in or near the defense community.
2. (b) A municipality may not acquire land under Subsection (a) by eminent domain.

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

Acts 2005, 79th Leg., Ch. 1302 (H.B. 2931), Sec. 1, eff. June 18, 2005.