Tex. Loc. Gov't Code § 379C.004

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 379C.004 - Urban Land Bank Demonstration Program

(a) The governing body of a municipality may adopt an urban land bank demonstration 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 affordable housing development or other purposes as provided by this chapter.

(b) The governing body of a municipality that adopts an urban land bank demonstration program shall establish or approve a land bank for the purpose of acquiring, holding, and transferring unimproved real property under this chapter.

Tex. Loc. Gov't. Code § 379C.004

Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 721,Sec. 1, eff. 6/17/2015.

Added by Acts 2003, 78th Leg., ch. 299, Sec. 1, eff. 9/1/2003.