Bill Text: TX HB2840 | 2013-2014 | 83rd Legislature | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the urban land bank demonstration program in certain municipalities.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2013-06-14 - Effective on 9/1/13 [HB2840 Detail]

Download: Texas-2013-HB2840-Engrossed.html
  83R19203 AJZ-D
 
  By: Giddings H.B. No. 2840
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the urban land bank demonstration program in certain
  municipalities.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 379C.005, Local Government Code, is
  amended to read as follows:
         Sec. 379C.005.  QUALIFIED PARTICIPATING DEVELOPER. To
  qualify to participate in an urban land bank demonstration program,
  a developer must:
               (1)  have built one [three] or more housing units
  within the three-year period preceding the submission of a proposal
  to the land bank seeking to acquire real property from the land
  bank;
               (2)  have a development plan approved by the
  municipality for the land bank property; and
               (3)  meet any other requirements adopted by the
  municipality in the urban land bank demonstration plan.
         SECTION 2.  Section 379C.009, Local Government Code, is
  amended by amending Subsection (b) and adding Subsections (b-1) and
  (b-2) to read as follows:
         (b)  Except as provided by Subsection (b-1), the [The] land
  bank must sell a property to a qualified participating developer
  within the four-year period following the date of acquisition for
  the purpose of construction of affordable housing for sale or rent
  to low income households.
         (b-1)  Before the completion of the four-year period
  described by Subsection (b), the land bank may, subject to Section
  379C.0106:
               (1)  transfer property that the land bank determines is
  not appropriate for residential development to the taxing units
  described by Subsection (b); or
               (2)  sell property described by Subdivision (1) to a
  political subdivision or a nonprofit organization.
         (b-2)  If after four years a qualified participating
  developer has not purchased the property, the property shall be
  transferred from the land bank to the taxing units who were parties
  to the judgment for disposition as otherwise allowed under the law.
         SECTION 3.  Section 379C.0106(a), Local Government Code, is
  amended to read as follows:
         (a)  In this section, "eligible adjacent property owner"
  means a person who:
               (1)  owns property located adjacent to property owned
  by the land bank; and
               (2)  [has owned the adjacent property and continuously
  occupied that property as a primary residence for the two-year
  period preceding the date of the sale; and
               [(3)]  satisfies eligibility requirements adopted by
  the land bank.
         SECTION 4.  This Act takes effect September 1, 2013.
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