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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to broker agreements for the sale of real property by |
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| 8 | 8 | | school districts. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 11.154, Education Code, is amended by |
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| 11 | 11 | | adding Subsections (d) and (e) to read as follows: |
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| 12 | 12 | | (d) If a contract is made under Subsection (c) with a |
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| 13 | 13 | | licensed real estate broker to list the tract of real property for |
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| 14 | 14 | | sale for at least 30 days with a multiple-listing service, the board |
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| 15 | 15 | | of trustees on or after the 30th day after the date the property is |
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| 16 | 16 | | listed may sell the tract of real property to a ready, willing, and |
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| 17 | 17 | | able buyer who is produced by any broker using the multiple-listing |
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| 18 | 18 | | service and who submits the highest cash offer. |
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| 19 | 19 | | (e) The board of trustees may sell a tract of real property |
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| 20 | 20 | | under this section without complying with the notice and bidding |
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| 21 | 21 | | requirements prescribed by Section 272.001(a), Local Government |
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| 22 | 22 | | Code, or other law. |
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| 23 | 23 | | SECTION 2. This Act takes effect immediately if it receives |
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| 24 | 24 | | a vote of two-thirds of all the members elected to each house, as |
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| 25 | 25 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 26 | 26 | | Act does not receive the vote necessary for immediate effect, this |
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| 27 | 27 | | Act takes effect September 1, 2017. |
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