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.)
Click here to see the committee vote
A BILL TO BE ENTITLED
AN ACT
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
[purposes of] affordable housing development or other purposes as
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 [to a developer to allow the construction of a
grocery store that has at least 6,000 square feet of enclosed space
and that offers for sale fresh produce and other food items for home
consumption].
(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 [that]
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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