Bill Text: TX HB1289 | 2015-2016 | 84th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the acquisition and sale of unimproved real property by an urban land bank.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2015-06-17 - Effective immediately [HB1289 Detail]
Download: Texas-2015-HB1289-Comm_Sub.html
Bill Title: Relating to the acquisition and sale of unimproved real property by an urban land bank.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2015-06-17 - Effective immediately [HB1289 Detail]
Download: Texas-2015-HB1289-Comm_Sub.html
By: Giddings (Senate Sponsor - West) | H.B. No. 1289 | |
(In the Senate - Received from the House May 4, 2015; | ||
May 5, 2015, read first time and referred to Committee on | ||
Intergovernmental Relations; May 22, 2015, reported favorably by | ||
the following vote: Yeas 7, Nays 0; May 22, 2015, sent to printer.) | ||
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relating to the acquisition and sale of unimproved real property by | ||
an urban land bank. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 379C.004(a), Local Government Code, is | ||
amended to read as follows: | ||
(a) The governing body of a municipality may adopt an urban | ||
land bank demonstration program in which the officer charged with | ||
selling real property ordered sold pursuant to foreclosure of a tax | ||
lien may sell certain eligible real property by private sale for | ||
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provided by this chapter. | ||
SECTION 2. Sections 379C.014(a) and (c), Local Government | ||
Code, as added by Chapter 1037 (H.B. 2840), Acts of the 83rd | ||
Legislature, Regular Session, 2013, are amended to read as follows: | ||
(a) Notwithstanding the other provisions of this chapter, | ||
the land bank may acquire and sell to a developer property intended | ||
for commercial use [ |
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(c) A sale under this section within the four-year period | ||
following the date of acquisition of the property by the land bank | ||
is for a public purpose and satisfies the requirement under Section | ||
379C.009(b) that the property be sold within the four-year [ |
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period to a qualified participating developer. | ||
SECTION 3. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2015. | ||
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