Texas 2021 - 87th Regular

Texas House Bill HB2236 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	~~By: Hernandez, Coleman, J. Johnson of Harris, H.B. No. 2236~~
2		-	Thierry
	1	+	87R7949 JAM-D
	2	+	By: Hernandez, Thierry H.B. No. 2236
3	3
4	4
5	5		A BILL TO BE ENTITLED
6	6		AN ACT
7		-	relating to the authority of certain counties to adopt a land bank
8		-	program.
	7	+	relating to the authority of a county to adopt a land bank program.
9	8		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	9		SECTION 1. Subtitle B, Title 12, Local Government Code, is
11	10		amended by adding Chapter 388 to read as follows:
12	11		CHAPTER 388. LAND BANK PROGRAM
13	12		Sec. 388.001. DEFINITIONS. In this chapter:
14	13		(1) "Affordable" means that the monthly mortgage
15	14		payment or contract rent does not exceed 30 percent of the
16	15		applicable median family income for that unit size, in accordance
17	16		with the income and rent limit rules adopted by the Texas Department
18	17		of Housing and Community Affairs.
19	18		(2) "Community housing development organization" or
20	19		"organization" means an organization that:
21	20		(A) meets the definition of a community housing
22	21		development organization in 24 C.F.R. Section 92.2; and
23	22		(B) is certified by the county as a community
24	23		housing development organization.
25	24		(3) "Land bank" means an entity established or
26	25		approved by the governing body of a county for the purpose of
27	26		acquiring, holding, and transferring unimproved real property
28	27		under this chapter.
29	28		(4) "Land bank plan" or "plan" means a plan adopted by
30	29		the governing body of a county as provided by Section 388.004.
31	30		(5) "Land bank program" or "program" means a program
32	31		adopted under Section 388.002.
33	32		(6) "Low income household" means a household with an
34	33		income of not greater than 80 percent of the area median family
35	34		income, based on gross household income, adjusted for household
36	35		size, for the county, as determined annually by the United States
37	36		Department of Housing and Urban Development.
38	37		(7) "Qualified participating developer" means a
39	38		developer who meets the requirements of Section 388.003 and
40	39		includes a qualified organization under Section 388.009.
41	40		Sec. 388.002. LAND BANK PROGRAM. (a) The governing body of
42		-	a county ~~with a population of more than four million~~ may adopt a
43		-	~~land bank program in which the officer charged~~ with selling real
44		-	~~property ordered sold pursuant to foreclosure of~~ a tax lien may sell
45		-	~~certain eligible real property by private sale~~ for purposes of
46		-	~~affordable housing development as provided by this~~ chapter.
	41	+	a county may adopt a land bank program in which the officer charged
	42	+	with selling real property ordered sold pursuant to foreclosure of
	43	+	a tax lien may sell certain eligible real property by private sale
	44	+	for purposes of affordable housing development as provided by this
	45	+	chapter.
47	46		(b) The governing body of a county that adopts a land bank
48	47		program shall establish or approve a land bank for the purpose of
49	48		acquiring, holding, and transferring unimproved real property
50	49		under this chapter.
51	50		(c) A land bank program established under this chapter may
52		-	not operate in a municipality that operates a land bank as a local
53		-	government corporation under Subchapter D, Chapter 431,
54		-	Transportation Code, or that has adopted an urban land bank program
55		-	under any other provision of this code.
	51	+	not operate in a municipality that:
	52	+	(1) has adopted an urban land bank program under
	53	+	Chapter 373A, 379C, 379D, or 379E; or
	54	+	(2) operates a land bank as a local government
	55	+	corporation under Subchapter D, Chapter 431, Transportation Code.
56	56		Sec. 388.003. QUALIFIED PARTICIPATING DEVELOPER. To
57	57		qualify to participate in a land bank program, a developer must:
58	58		(1) have developed three or more housing units within
59	59		the three-year period preceding the submission of a proposal to the
60	60		land bank seeking to acquire real property from the land bank;
61	61		(2) have a development plan approved by the county for
62	62		the land bank property; and
63	63		(3) meet any other requirements adopted by the county
64	64		in the land bank plan.
65	65		Sec. 388.004. LAND BANK PLAN. (a) A county that adopts a
66	66		land bank program shall operate the program in conformance with a
67	67		land bank plan.
68	68		(b) The governing body of a county that adopts a land bank
69	69		program shall adopt a plan annually. The plan may be amended from
70	70		time to time.
71	71		(c) In developing the plan, the county shall consider any
72	72		other housing plans adopted by the county, including any fair
73	73		housing plans and policies adopted or agreed to by the county.
74	74		(d) The plan must include the following:
75	75		(1) a list of community housing development
76	76		organizations eligible to participate in the right of first refusal
77	77		provided by Section 388.009;
78	78		(2) a list of the parcels of real property that may
79	79		become eligible for sale to the land bank during the next year;
80	80		(3) the county's plan for affordable housing
81	81		development on those parcels of real property; and
82	82		(4) the sources and amounts of money anticipated to be
83	83		available from the county for subsidies for development of
84	84		affordable housing in the county, including any money specifically
85	85		available for housing developed under the program, as approved by
86	86		the governing body of the county at the time the plan is adopted.
87	87		Sec. 388.005. PUBLIC HEARING ON PROPOSED PLAN. (a) Before
88	88		adopting a plan, a county shall hold a public hearing on the
89	89		proposed plan.
90	90		(b) The county clerk or the county clerk's designee shall
91	91		provide notice of the hearing to all community housing development
92	92		organizations and to neighborhood associations identified by the
93	93		county as serving the neighborhoods in which properties anticipated
94	94		to be available for sale to the land bank under this chapter are
95	95		located.
96	96		(c) The county clerk or the county clerk's designee shall
97	97		make copies of the proposed plan available to the public not later
98	98		than the 60th day before the date of the public hearing.
99	99		Sec. 388.006. PRIVATE SALE TO LAND BANK. (a)
100	100		Notwithstanding any other law and except as provided by Subsection
101	101		(f), property that is ordered sold pursuant to foreclosure of a tax
102	102		lien may be sold in a private sale to a land bank by the officer
103	103		charged with the sale of the property without first offering the
104	104		property for sale as otherwise provided by Section 34.01, Tax Code,
105	105		if:
106	106		(1) the market value of the property as specified in
107	107		the judgment of foreclosure is less than the total amount due under
108	108		the judgment, including all taxes, penalties, and interest, plus
109	109		the value of nontax liens held by a taxing unit and awarded by the
110	110		judgment, court costs, and the cost of the sale;
111	111		(2) the property is not improved with a building or
112	112		buildings;
113	113		(3) there are delinquent taxes on the property for a
114	114		total of at least five years; and
115	115		(4) the county has executed with the other taxing
116	116		units that are parties to the tax suit an interlocal agreement that
117	117		enables those units to agree to participate in the program while
118	118		retaining the right to withhold consent to the sale of specific
119	119		properties to the land bank.
120	120		(b) A sale of property for use in connection with the
121	121		program is a sale for a public purpose.
122	122		(c) If the person being sued in a suit for foreclosure of a
123	123		tax lien does not contest the market value of the property in the
124	124		suit, the person waives the right to challenge the amount of the
125	125		market value determined by the court for purposes of the sale of the
126	126		property under Section 33.50, Tax Code.
127	127		(d) For any sale of property under this chapter, each person
128	128		who was a defendant to the judgment, or that person's attorney,
129	129		shall be given, not later than the 90th day before the date of sale,
130	130		written notice of the proposed method of sale of the property by the
131	131		officer charged with the sale of the property. Notice shall be
132	132		given in the manner prescribed by Rule 21a, Texas Rules of Civil
133	133		Procedure.
134	134		(e) After receipt of the notice required by Subsection (d)
135	135		and before the date of the proposed sale, the owner of the property
136	136		subject to sale may file with the officer charged with the sale a
137	137		written request that the property not be sold in the manner provided
138	138		by this chapter.
139	139		(f) If the officer charged with the sale receives a written
140	140		request as provided by Subsection (e), the officer shall sell the
141	141		property as otherwise provided in Section 34.01, Tax Code.
142	142		(g) The owner of the property subject to sale may not
143	143		receive any proceeds of a sale under this chapter. However, the
144	144		owner does not have any personal liability for a deficiency of the
145	145		judgment as a result of a sale under this chapter.
146	146		(h) Notwithstanding any other law, if consent is given by
147	147		the taxing units that are a party to the judgment, property may be
148	148		sold to the land bank for less than the market value of the property
149	149		as specified in the judgment or less than the total of all taxes,
150	150		penalties, and interest, plus the value of nontax liens held by a
151	151		taxing unit and awarded by the judgment, court costs, and the cost
152	152		of the sale.
153	153		(i) The deed of conveyance of the property sold to a land
154	154		bank under this section conveys to the land bank the right, title,
155	155		and interest acquired or held by each taxing unit that was a party
156	156		to the judgment, subject to the right of redemption.
157	157		Sec. 388.007. SUBSEQUENT RESALE BY LAND BANK. (a) Each
158	158		subsequent resale by a land bank of property acquired by the land
159	159		bank under this chapter must comply with the conditions of this
160	160		section.
161	161		(b) Within the three-year period following the date of
162	162		acquisition, the land bank must sell a property to a qualified
163	163		participating developer for the purpose of construction of
164	164		affordable housing for sale or rent to low income households.
165	165		(c) If after three years a qualified participating
166	166		developer has not purchased the property, the property shall be
167	167		transferred from the land bank to the taxing units who were parties
168	168		to the judgment for disposition as otherwise allowed under the law.
169	169		(d) Unless the county increases the amount in its plan, the
170	170		number of properties acquired by a qualified participating
171	171		developer under this section on which development has not been
172	172		completed may not at any given time exceed three times the annual
173	173		average residential production completed by the qualified
174	174		participating developer during the preceding two-year period as
175	175		determined by the county.
176	176		(e) The deed conveying a property sold by the land bank must
177	177		include a right of reverter so that if the qualified participating
178	178		developer does not apply for a construction permit and close on any
179	179		construction financing within the two-year period following the
180	180		date of the conveyance of the property from the land bank to the
181	181		qualified participating developer, the property will revert to the
182	182		land bank for subsequent resale to another qualifying participating
183	183		developer or conveyance to the taxing units who were parties to the
184	184		judgment for disposition as otherwise allowed under the law.
185	185		Sec. 388.008. RESTRICTIONS ON OCCUPANCY AND USE OF
186	186		PROPERTY. (a) The land bank shall impose deed restrictions on
187	187		property sold to qualified participating developers requiring the
188	188		development and subsequent sale or rental of the property to low
189	189		income households.
190	190		(b) At least 25 percent of the land bank properties sold
191	191		during any given fiscal year to be developed for sale shall be deed
192	192		restricted for sale to households with incomes not greater than 60
193	193		percent of the area median family income, based on gross household
194	194		income, adjusted for household size, for the county, as determined
195	195		annually by the United States Department of Housing and Urban
196	196		Development.
197	197		(c) If property is developed for rental housing, the deed
198	198		restrictions must be for a period of not less than 20 years and must
199	199		require that:
200	200		(1) 100 percent of the rental units be occupied by and
201	201		affordable to households with incomes not greater than 60 percent
202	202		of area median family income, based on gross household income,
203	203		adjusted for household size, for the county, as determined annually
204	204		by the United States Department of Housing and Urban Development;
205	205		(2) 40 percent of the units be occupied by and
206	206		affordable to households with incomes not greater than 50 percent
207	207		of area median family income, based on gross household income,
208	208		adjusted for household size, for the county, as determined annually
209	209		by the United States Department of Housing and Urban Development;
210	210		or
211	211		(3) 20 percent of the units be occupied by and
212	212		affordable to households with incomes not greater than 30 percent
213	213		of area median family income, based on gross household income,
214	214		adjusted for household size, for the county, as determined annually
215	215		by the United States Department of Housing and Urban Development.
216	216		(d) The deed restrictions under Subsection (c) must require
217	217		the owner to file an annual occupancy report with the county on a
218	218		reporting form provided by the county. The deed restrictions must
219	219		also prohibit any exclusion of an individual or family from
220	220		admission to the development based solely on the participation of
221	221		the individual or family in the housing choice voucher program
222	222		under Section 8, United States Housing Act of 1937 (42 U.S.C.
223	223		Section 1437f).
224	224		(e) Except as otherwise provided by this section, if the
225	225		deed restrictions imposed under this section are for a term of
226	226		years, the deed restrictions shall renew automatically.
227	227		(f) The land bank or the governing body of the county may
228	228		modify or add to the deed restrictions imposed under this section.
229	229		Any modifications or additions made by the governing body of the
230	230		county must be adopted by the county as part of its plan and must
231	231		comply with the restrictions set forth in Subsections (b), (c), and
232	232		(d).
233	233		Sec. 388.009. RIGHT OF FIRST REFUSAL. (a) In this section,
234	234		"qualified organization" means a community housing development
235	235		organization that:
236	236		(1) contains within its designated geographical
237	237		boundaries of operation, as set forth in its application for
238	238		certification filed with and approved by the county, a portion of
239	239		the property that the land bank is offering for sale;
240	240		(2) has built at least three single-family homes or
241	241		duplexes or one multifamily residential dwelling of four or more
242	242		units in compliance with all applicable building codes within the
243	243		preceding two-year period and within the organization's designated
244	244		geographical boundaries of operation; and
245	245		(3) within the preceding three-year period has
246	246		developed or rehabilitated housing units within a two-mile radius
247	247		of the property that the land bank is offering for sale.
248	248		(b) The land bank shall first offer a property for sale to
249	249		qualified organizations.
250	250		(c) Notice must be provided to the qualified organizations
251	251		by certified mail, return receipt requested, not later than the
252	252		60th day before the beginning of the period in which a right of
253	253		first refusal may be exercised.
254	254		(d) The county shall specify in its plan the period during
255	255		which the right of first refusal provided by this section may be
256	256		exercised by a qualified organization. That period must be at
257	257		least nine months but not more than 26 months from the date of the
258	258		deed of conveyance of the property to the land bank.
259	259		(e) If the land bank conveys the property to a qualified
260	260		organization before the expiration of the period specified by the
261	261		county under Subsection (d), the interlocal agreement executed
262	262		under Section 388.006(a)(4) must provide tax abatement for the
263	263		property until the expiration of that period.
264	264		(f) During the specified period, the land bank may not sell
265	265		the property to a qualified participating developer other than a
266	266		qualified organization. If all qualified organizations notify the
267	267		land bank that they are declining to exercise their right of first
268	268		refusal during the specified period, or if an offer to purchase the
269	269		property is not received from a qualified organization during that
270	270		period, the land bank may sell the property to any other qualified
271	271		participating developer at the same price that the land bank
272	272		offered the property to the qualified organizations.
273	273		(g) In its plan, the county shall establish the amount of
274	274		additional time, if any, that a property may be held in the land
275	275		bank once an offer has been received and accepted from a qualified
276	276		organization or other qualified participating developer.
277	277		(h) If more than one qualified organization expresses an
278	278		interest in exercising its right of first refusal, the organization
279	279		that has designated the most geographically compact area
280	280		encompassing a portion of the property shall be given priority.
281	281		(i) In its plan, the county may provide for other rights of
282	282		first refusal for any other nonprofit corporation exempted from
283	283		federal income tax under Section 501(c)(3), Internal Revenue Code
284	284		of 1986, provided that the preeminent right of first refusal is
285	285		provided to qualified organizations as provided by this section.
286	286		(j) The land bank is not required to provide a right of first
287	287		refusal to qualified organizations under this section if the land
288	288		bank is selling property that reverted to the land bank under
289	289		Section 388.007(e).
290	290		Sec. 388.010. OPEN RECORDS AND MEETINGS. The land bank
291	291		shall comply with the requirements of Chapters 551 and 552,
292	292		Government Code.
293	293		Sec. 388.011. RECORDS; AUDIT; REPORT. (a) The land bank
294	294		shall keep accurate minutes of its meetings and shall keep accurate
295	295		records and books of account that conform with generally accepted
296	296		principles of accounting and that clearly reflect the income and
297	297		expenses of the land bank and all transactions in relation to its
298	298		property.
299	299		(b) The land bank shall file with the county not later than
300	300		the 90th day after the close of the fiscal year annual audited
301	301		financial statements prepared by a certified public accountant.
302	302		The financial transactions of the land bank are subject to audit by
303	303		the county.
304	304		(c) For purposes of evaluating the effectiveness of the
305	305		program, the land bank shall submit an annual performance report to
306	306		the county not later than November 1 of each year in which the land
307	307		bank acquires or sells property under this chapter. The
308	308		performance report must include:
309	309		(1) a complete and detailed written accounting of all
310	310		money and properties received and disbursed by the land bank during
311	311		the preceding fiscal year;
312	312		(2) for each property acquired by the land bank during
313	313		the preceding fiscal year:
314	314		(A) the street address of the property;
315	315		(B) the legal description of the property;
316	316		(C) the date the land bank took title to the
317	317		property;
318	318		(D) the name and mailing address of the property
319	319		owner of record at the time of the foreclosure;
320	320		(E) the amount of taxes and other costs owed at
321	321		the time of the foreclosure; and
322	322		(F) the assessed value of the property on the tax
323	323		roll at the time of the foreclosure;
324	324		(3) for each property sold by the land bank during the
325	325		preceding fiscal year to a qualified participating developer:
326	326		(A) the street address of the property;
327	327		(B) the legal description of the property;
328	328		(C) the name and mailing address of the
329	329		purchaser;
330	330		(D) the price paid by the purchaser;
331	331		(E) the maximum incomes allowed for the
332	332		households by the terms of the sale; and
333	333		(F) the source and amount of any public subsidy
334	334		provided by the county to facilitate the sale or rental of the
335	335		property to a household within the targeted income levels;
336	336		(4) for each property sold by a qualified
337	337		participating developer during the preceding fiscal year, the
338	338		buyer's household income and a description of all use and sale
339	339		restrictions; and
340	340		(5) for each property developed for rental housing
341	341		with an active deed restriction, a copy of the most recent annual
342	342		report filed by the owner with the land bank.
343	343		(d) The land bank shall maintain in its records for
344	344		inspection a copy of the sale settlement statement for each
345	345		property sold by a qualified participating developer and a copy of
346	346		the first page of the mortgage note with the interest rate and
347	347		indicating the volume and page number of the instrument as filed
348	348		with the county clerk.
349	349		(e) The land bank shall provide copies of the performance
350	350		report to the taxing units who were parties to the judgment of
351	351		foreclosure and shall provide notice of the availability of the
352	352		performance report for review to the organizations and neighborhood
353	353		associations identified by the county as serving the neighborhoods
354	354		in which properties sold to the land bank under this chapter are
355	355		located.
356	356		(f) The land bank and the county shall maintain copies of
357	357		the performance report available for public review.
358	358		SECTION 2. Sections 11.18(d) and (o), Tax Code, are amended
359	359		to read as follows:
360	360		(d) A charitable organization must be organized exclusively
361	361		to perform religious, charitable, scientific, literary, or
362	362		educational purposes and, except as permitted by Subsections (h)
363	363		and (l), engage exclusively in performing one or more of the
364	364		following charitable functions:
365	365		(1) providing medical care without regard to the
366	366		beneficiaries' ability to pay, which in the case of a nonprofit
367	367		hospital or hospital system means providing charity care and
368	368		community benefits in accordance with Section 11.1801;
369	369		(2) providing support or relief to orphans,
370	370		delinquent, dependent, or handicapped children in need of
371	371		residential care, abused or battered spouses or children in need of
372	372		temporary shelter, the impoverished, or victims of natural disaster
373	373		without regard to the beneficiaries' ability to pay;
374	374		(3) providing support without regard to the
375	375		beneficiaries' ability to pay to:
376	376		(A) elderly persons, including the provision of:
377	377		(i) recreational or social activities; and
378	378		(ii) facilities designed to address the
379	379		special needs of elderly persons; or
380	380		(B) the handicapped, including training and
381	381		employment:
382	382		(i) in the production of commodities; or
383	383		(ii) in the provision of services under 41
384	384		U.S.C. Sections 8501-8506;
385	385		(4) preserving a historical landmark or site;
386	386		(5) promoting or operating a museum, zoo, library,
387	387		theater of the dramatic or performing arts, or symphony orchestra
388	388		or choir;
389	389		(6) promoting or providing humane treatment of
390	390		animals;
391	391		(7) acquiring, storing, transporting, selling, or
392	392		distributing water for public use;
393	393		(8) answering fire alarms and extinguishing fires with
394	394		no compensation or only nominal compensation to the members of the
395	395		organization;
396	396		(9) promoting the athletic development of boys or
397	397		girls under the age of 18 years;
398	398		(10) preserving or conserving wildlife;
399	399		(11) promoting educational development through loans
400	400		or scholarships to students;
401	401		(12) providing halfway house services pursuant to a
402	402		certification as a halfway house by the parole division of the Texas
403	403		Department of Criminal Justice;
404	404		(13) providing permanent housing and related social,
405	405		health care, and educational facilities for persons who are 62
406	406		years of age or older without regard to the residents' ability to
407	407		pay;
408	408		(14) promoting or operating an art gallery, museum, or
409	409		collection, in a permanent location or on tour, that is open to the
410	410		public;
411	411		(15) providing for the organized solicitation and
412	412		collection for distributions through gifts, grants, and agreements
413	413		to nonprofit charitable, education, religious, and youth
414	414		organizations that provide direct human, health, and welfare
415	415		services;
416	416		(16) performing biomedical or scientific research or
417	417		biomedical or scientific education for the benefit of the public;
418	418		(17) operating a television station that produces or
419	419		broadcasts educational, cultural, or other public interest
420	420		programming and that receives grants from the Corporation for
421	421		Public Broadcasting under 47 U.S.C. Section 396, as amended;
422	422		(18) providing housing for low-income and
423	423		moderate-income families, for unmarried individuals 62 years of age
424	424		or older, for handicapped individuals, and for families displaced
425	425		by urban renewal, through the use of trust assets that are
426	426		irrevocably and, pursuant to a contract entered into before
427	427		December 31, 1972, contractually dedicated on the sale or
428	428		disposition of the housing to a charitable organization that
429	429		performs charitable functions described by Subdivision (9);
430	430		(19) providing housing and related services to persons
431	431		who are 62 years of age or older in a retirement community, if the
432	432		retirement community provides independent living services,
433	433		assisted living services, and nursing services to its residents on
434	434		a single campus:
435	435		(A) without regard to the residents' ability to
436	436		pay; or
437	437		(B) in which at least four percent of the
438	438		retirement community's combined net resident revenue is provided in
439	439		charitable care to its residents;
440	440		(20) providing housing on a cooperative basis to
441	441		students of an institution of higher education if:
442	442		(A) the organization is exempt from federal
443	443		income taxation under Section 501(a), Internal Revenue Code of
444	444		1986, as amended, by being listed as an exempt entity under Section
445	445		501(c)(3) of that code;
446	446		(B) membership in the organization is open to all
447	447		students enrolled in the institution and is not limited to those
448	448		chosen by current members of the organization;
449	449		(C) the organization is governed by its members;
450	450		and
451	451		(D) the members of the organization share the
452	452		responsibility for managing the housing;
453	453		(21) acquiring, holding, and transferring unimproved
454	454		real property under an urban land bank demonstration program
455	455		established under Chapter 379C, Local Government Code, as or on
456	456		behalf of a land bank;
457	457		(22) acquiring, holding, and transferring unimproved
458	458		real property under an urban land bank program established under
459	459		Chapter 379E, Local Government Code, as or on behalf of a land bank;
460	460		(22-a) acquiring, holding, and transferring
461	461		unimproved real property under a land bank program established
462	462		under Chapter 388, Local Government Code, as or on behalf of a land
463	463		bank;
464	464		(23) providing housing and related services to
465	465		individuals who:
466	466		(A) are unaccompanied and homeless and have a
467	467		disabling condition; and
468	468		(B) have been continuously homeless for a year or
469	469		more or have had at least four episodes of homelessness in the
470	470		preceding three years;
471	471		(24) operating a radio station that broadcasts
472	472		educational, cultural, or other public interest programming,
473	473		including classical music, and that in the preceding five years has
474	474		received or been selected to receive one or more grants from the
475	475		Corporation for Public Broadcasting under 47 U.S.C. Section 396, as
476	476		amended; or
477	477		(25) providing, without regard to the beneficiaries'
478	478		ability to pay, tax return preparation services and assistance with
479	479		other financial matters.
480	480		(o) For purposes of Subsection (a)(2), real property
481	481		acquired, held, and transferred by an organization that performs
482	482		the function described by Subsection (d)(21), [or] (22), or (22-a)
483	483		is considered to be used exclusively by the qualified charitable
484	484		organization to perform that function.
485	485		SECTION 3. Section 11.18, Tax Code, as amended by this Act,
486	486		applies only to an ad valorem tax year that begins on or after the
487	487		effective date of this Act.
488	488		SECTION 4. This Act takes effect September 1, 2021.