3 | 2 | | |
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4 | 3 | | |
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5 | 4 | | A BILL TO BE ENTITLED |
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6 | 5 | | AN ACT |
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7 | 6 | | relating to the conveyance of property by a municipality for the |
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8 | 7 | | public purpose of economic development. |
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9 | 8 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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10 | 9 | | SECTION 1. Chapter 253, Local Government Code, is amended |
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11 | 10 | | by adding Section 253.0125 to read as follows: |
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12 | 11 | | Sec. 253.0125. CONVEYANCE OF PROPERTY FOR ECONOMIC |
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13 | 12 | | DEVELOPMENT PURPOSES. (a) This section applies only to an entity |
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14 | 13 | | and a municipality that have entered into an economic development |
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15 | 14 | | agreement authorized by Chapter 380. |
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16 | | - | (b) Notwithstanding Section 272.001(a) or other law, a |
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17 | | - | municipality may transfer to an entity real property or an interest |
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18 | | - | in real property for consideration described by this section. |
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| 15 | + | (b) Notwithstanding Section 253.008 or 272.001(a) or other |
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| 16 | + | law, a municipality, except as provided by Subsection (d), may |
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| 17 | + | transfer to an entity real property or an interest in real property |
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| 18 | + | for consideration described by this section. |
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33 | | - | including its location; and |
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34 | | - | (2) be published on two separate days within 10 days |
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35 | | - | before the date the property or an interest in the property is |
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36 | | - | transferred. |
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| 39 | + | including its location; |
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| 40 | + | (2) be provided within 10 days before the date the |
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| 41 | + | property or an interest in the property is transferred; and |
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| 42 | + | (3) be published for two separate days within the |
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| 43 | + | period prescribed by Subdivision (2), if the notice is published in |
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| 44 | + | a newspaper. |
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| 45 | + | (f) A municipality may not transfer real property for |
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| 46 | + | consideration described by this section if the real property was |
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| 47 | + | acquired by the municipality from the previous owner by the |
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| 48 | + | exercise of eminent domain authority or the threat of the exercise |
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| 49 | + | of eminent domain authority. The prohibition provided by this |
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| 50 | + | subsection does not apply if: |
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| 51 | + | (1) the municipality offers the previous owner an |
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| 52 | + | opportunity to repurchase the real property at the current market |
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| 53 | + | value and the previous owner declines the offer; or |
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| 54 | + | (2) the municipality cannot locate the previous owner |
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| 55 | + | with reasonable effort. |
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| 56 | + | (g) This section does not constitute a grant or expansion of |
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| 57 | + | eminent domain authority. |
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