Section 379E.004 - Urban Land Bank Program(a) The governing body of a municipality may adopt an urban 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 chapter.(b) The governing body of a municipality that adopts an urban land bank 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 § 379E.004
Added by Acts 2007, 80th Leg., R.S., Ch. 1034, Sec. 12, eff. 9/1/2007.Added by Acts 2007, 80th Leg., R.S., Ch. 1341, Sec. 33, eff. 9/1/2007.