Bill Text: TX HB2628 | 2023-2024 | 88th Legislature | Introduced

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Bill Title: Relating to the resale price of real property repurchased from a condemning entity by a previous owner or the owner's heirs, successors, or assigns.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2023-04-19 - Left pending in committee [HB2628 Detail]

Download: Texas-2023-HB2628-Introduced.html

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88R4332 SHH-D
By: Moody H.B. No. 2628

A BILL TO BE ENTITLED
AN ACT
relating to the resale price of real property repurchased from a
condemning entity by a previous owner or the owner's heirs,
successors, or assigns.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 21.103, Property Code, is amended by
amending Subsection (b) and adding Subsections (c) and (d) to read
as follows:
(b) As soon as practicable after receipt of a notice of
intent to repurchase under Subsection (a), the entity shall offer
to sell the property interest to the person for the amount the
entity was ordered to pay the owner for the property interest in the
final judgment in the condemnation proceeding through which the
entity acquired the property interest [price paid to the owner by
the entity at the time the entity acquired the property through
eminent domain].
(c) The amount of an entity's offer to sell under Subsection
(b) may not include any amount:
(1) awarded by the court and paid by the entity to the
property owner:
(A) as costs or fees under Section 21.047;
(B) for damages to the property resulting from
the entity's temporary possession of the property under Section
21.044; or
(C) to account for, if applicable:
(i) the effect of the condemnation of the
property interest on the value of the property owner's remaining
property, as described by Section 21.042(c); or
(ii) the market value of groundwater rights
as property apart from the property owner's other real property at
the time of the hearing, as described by Section 21.0421(c)(2);
(2) expressly paid or reasonably understood to have
been paid by the entity to the property owner as consideration to
avoid litigation by the property owner; or
(3) otherwise paid by the entity to the property owner
for a purpose other than to compensate the owner for the value of
the interest acquired.
(d) The person's right to repurchase the property expires on
the 90th day after the date on which the entity makes the offer.
SECTION 2. (a) A person entitled to repurchase a property
interest under Subchapter E, Chapter 21, Property Code, who gave a
notice of intent to repurchase the property interest under Section
21.103(a), Property Code, before the effective date of this Act is
entitled to repurchase the property interest for an amount that
does not exceed the amount described by Section 21.103(b), Property
Code, as amended by this Act, regardless of whether the person
received or accepted an offer made under that section before the
effective date of this Act, if the repurchase of the property
interest was not completed before the effective date of this Act.
(b) Except as provided by Subsection (c) of this section, as
soon as practicable after the effective date of this Act, an entity
that has made or is required to make an offer under Section 21.103,
Property Code, to a person described by Subsection (a) of this
section shall make an offer to sell the property interest to the
person at the amount described by Section 21.103(b), Property Code,
as amended by this Act. The person's right to repurchase the
property interest expires on the 90th day after the date on which
the entity makes the offer under this subsection.
(c) An entity is not required to make an offer under
Subsection (b) of this section if, before the effective date of this
Act, the entity made an offer to sell the property interest to the
person for an amount that does not exceed the amount described by
Section 21.103(b), Property Code, as amended by this Act.
SECTION 3. This Act takes effect September 1, 2023.