Statutes, codes, and regulations
Texas Codes
LOCAL GOVERNMENT CODETitle 12 - PLANNING AND DEVELOPMENTSubtitle C1 - ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENTChapter 505 - TYPE B CORPORATIONS
Subchapter C - POWERS AND DUTIES
Section 505.1041 - Appraisal Required Before Purchase of Property With Bond Proceeds

Tex. Loc. Gov't Code § 505.1041

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Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 505.1041 - Appraisal Required Before Purchase of Property With Bond Proceeds

A Type B corporation may not purchase property for a project wholly or partly with bond proceeds until the corporation obtains an independent appraisal of the property's market value.

Tex. Loc. Gov't. Code § 505.1041

Added by Acts 2011, 82nd Leg., R.S., Ch. 719, Sec. 2, eff. 9/1/2011.