86R26022 MTB-F
By: Howard H.B. No. 2977
Substitute the following for H.B. No. 2977:
By: Craddick C.S.H.B. No. 2977
A BILL TO BE ENTITLED
AN ACT
relating to the transfer, sale, or exchange of real property or an
interest in real property between the City of Austin and a state
agency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2166.052, Government Code, is amended by
adding Subsection (d) to read as follows:
(d) If an agreement under Subsection (c) provides for a
transfer, sale, or exchange to be credited against future property
or interests to be transferred, sold, or exchanged between the
parties, the City of Austin may use any amount credited in the
city's favor in a transfer, sale, or exchange of real property or an
interest in real property with any state agency other than an
institution of higher education as defined by Section 61.003,
Education Code.
SECTION 2. 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, 2019.