Relating to the sale by the Brazos River Authority and regulation of certain real property in the immediate vicinity of Possum Kingdom Lake.
Impact
If enacted, SB918 would facilitate the transfer of these properties, impacting state land ownership and local jurisdiction over the land. The bill specifies that current leaseholders would have the first opportunity to purchase the land they currently occupy. Furthermore, it stipulates that the properties sold will not be subject to some existing local government codes, thereby streamlining the purchasing process for buyers and potentially altering municipal regulatory influence over these lands. This could lead to increased private ownership and changes in land use dynamics around the lake.
Summary
SB918 relates to the sale by the Brazos River Authority of certain real property located near Possum Kingdom Lake. The bill outlines the terms for the sale of the so-called 'Captive Property'—parcels of land surrounded by the lake and owned by the Authority. It establishes definitions, sales processes, and regulatory exemptions associated with the proposed property sales. This sale includes specific conditions and requirements for potential purchasers, particularly those who currently lease land from the Authority, and aims to provide opportunities for individuals and entities to acquire their leased property at a fair market rate.
Contention
Some of the notable points of contention surrounding SB918 involve concerns from local stakeholders about the environmental implications of increased private development around Possum Kingdom Lake. Critics argue that modifying regulations to exempt certain sales from existing local oversight could pose risks to the ecosystem of the lake and surrounding areas. Proponents, however, assert that the bill will stimulate economic activity and provide long-term benefits to current leaseholders looking for greater security and ownership over their living situations. The balance between local control and economic development remains a significant discussion point in the legislative discourse.
Identical
Relating to the sale by the Brazos River Authority and regulation of certain residential and commercial real property in the immediate vicinity of Possum Kingdom Lake.
Relating to the authority of the Texas Military Department to negotiate the release of a reversionary interest and certain other interests of the state in certain property in Palo Pinto County owned by the Palo Pinto County Livestock Association.
Relating to the powers and duties of Port Freeport; limiting the authority of certain municipalities to regulate land use by Port Freeport; and the creation of a reinvestment zone containing property owned by Port Freeport.
Relating to the authority of a taxing unit to sell certain seized or foreclosed property to an owner of an abutting property without conducting a public sale.
Relating to the authority of a taxing unit to sell certain seized or foreclosed property to an owner of an abutting property without conducting a public sale.
Relating to the creation of the Manvel Sports Facilities District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Ranger Ridge Municipal Utility District of Palo Pinto County; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the sale by the Brazos River Authority and regulation of certain residential and commercial real property in the immediate vicinity of Possum Kingdom Lake.
Relating to the sale by the Brazos River Authority of certain residential and commercial leased lots and other real property in the immediate vicinity of Possum Kingdom Lake.
Relating to the sale by the Brazos River Authority of certain residential and commercial lots in the immediate vicinity of Possum Kingdom Lake to leaseholders of those lots.