Tex. Loc. Gov't Code § 379H.004

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

Section 379H.004 - Applicability of Other Law

A land bank created under this chapter:

(1) is:

(A) a governmental unit, as defined by Section 101.001, Civil Practice and Remedies Code;

(B) a local government corporation, as defined by Section 431.003, Transportation Code; and

(C) a public nonprofit corporation that has and may exercise all of the rights, powers, privileges, authority, and functions given by the general laws of this state to nonprofit corporations in this state;

(2) is not:

(A) a program created or operating under Chapter 373 or 374; or

(B) a housing finance corporation created under Chapter 394; and

(3) must comply with the requirements of Chapters 551 and 552, Government Code.

Tex. Loc. Gov't. Code § 379H.004

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 780,Sec. 1, eff. 9/1/2021.