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House Bill 957 |
House Author: Pickett |
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Effective: 5-27-05 |
Senate Sponsor: Staples |
Current law requires the asset management division of the General Land Office to review the real property of each state agency every four years. House Bill 957 amends the Natural Resources Code to streamline the process by requiring the division to provide the market value of property and current market conditions only if a real estate transaction is recommended for the property; if no transaction is recommended, evidence of the property value is to be provided in a form determined by the commissioner of the General Land Office.