|
House Bill 2690 |
House Author: Deshotel |
|
Effective: 6-17-11 |
Senate Sponsor: Williams |
House Bill 2690 amends the Local Government Code to authorize a political subdivision of the state to donate or sell for less than fair market value a designated parcel of land or an interest in real property to another political subdivision if the land or interest will be used by the political subdivision to which it is donated or sold in carrying out a purpose that benefits the public interest of the donating or selling political subdivision, the donation or sale of the land or interest is made under terms that effect and maintain the public purpose for which the donation or sale is made, and the title and right to possession of the land or interest revert to the donating or selling political subdivision if the acquiring political subdivision ceases to use the land or interest in carrying out the public purpose. The bill makes notice and bidding requirements relating to the sale or exchange of land owned by a political subdivision inapplicable to such a donation or sale.