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AN ACT
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relating to exempting certain state agencies from certain laws |
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relating to real property transactions. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 31, Natural Resources |
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Code, is amended by adding Section 31.002 to read as follows: |
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Sec. 31.002. EXEMPTION FROM CERTAIN REAL ESTATE TRANSACTION |
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LAWS. (a) Unless the statute specifically states that the statute |
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applies to the land office, the following statutes do not apply to |
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the land office: |
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(1) a statute that would require the land office to |
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provide a notice or disclosure to a buyer of real property; and |
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(2) a statute relating to the sale, purchase, or |
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financing of real property by an executory contract, including a |
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contract for deed or other similar sale. |
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(b) This section does not affect the application of a |
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statute described by Subsection (a)(2) to a party involved in a |
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transaction with the land office. |
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SECTION 2. Subchapter D, Chapter 32, Natural Resources |
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Code, is amended by adding Section 32.113 to read as follows: |
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Sec. 32.113. EXEMPTION FROM CERTAIN REAL ESTATE TRANSACTION |
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LAWS. (a) Unless the statute specifically states that the statute |
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applies to the board, the following statutes do not apply to the |
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board: |
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(1) a statute that would require the board to provide a |
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notice or disclosure to a buyer of real property; and |
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(2) a statute relating to the sale, purchase, or |
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financing of real property by an executory contract, including a |
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contract for deed or other similar sale. |
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(b) This section does not affect the application of a |
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statute described by Subsection (a)(2) to a party involved in a |
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transaction with the board. |
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SECTION 3. Subchapter F, Chapter 161, Natural Resources |
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Code, is amended by adding Section 161.237 to read as follows: |
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Sec. 161.237. EXEMPTION FROM CERTAIN REAL ESTATE |
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TRANSACTION LAWS. (a) Unless the statute specifically states that |
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the statute applies to the board, the following statutes do not |
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apply to the board: |
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(1) a statute that would require the board to provide a |
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notice or disclosure to a buyer of real property; and |
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(2) a statute relating to the sale, purchase, or |
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|
financing of real property by an executory contract, including a |
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contract for deed or other similar sale. |
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(b) This section does not affect the application of a |
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statute described by Subsection (a)(2) to a party involved in a |
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transaction with the board. |
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SECTION 4. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 1853 was passed by the House on April |
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19, 2007, by the following vote: Yeas 141, Nays 0, 1 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 1853 was passed by the Senate on May |
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8, 2007, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |