Enrolled Bill Summary

House Bill 858 amends the Tax Code to provide that a deed of conveyance of tax foreclosed property that is sold by a municipality for the purpose of urban redevelopment, with the consent of any taxing unit involved in the foreclosure, conveys to the buyer the right, title to, or interest in the property acquired or held by each of those taxing units, subject to any remaining right of redemption at the time of the sale.