Section 373A.204 - Homestead Land Bank Program(a) The governing body of a municipality may adopt a homestead land bank 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 as provided by this subchapter.(b) The governing body of a municipality that adopts a homestead land bank program shall establish or approve a land bank for the purpose of acquiring, holding, and transferring unimproved real property under this subchapter.Tex. Loc. Gov't. Code § 373A.204
Added by Acts 2005, 79th Leg., Ch. 495, Sec. 1, eff. 9/1/2005.