By Talton H.B. No. 1454 74R6205 PAM-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to requirements for certain political subdivisions that 1-3 acquire real property held in trust. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Chapter 280, Local Government Code, is amended by 1-6 adding Section 280.002 to read as follows: 1-7 Sec. 280.002. ACQUIRING LAND HELD IN TRUST. (a) A 1-8 municipality or county may not purchase real property held in trust 1-9 until the trustee submits to the governing body of the municipality 1-10 or county a copy of the trust agreement identifying the true owner 1-11 of the property. 1-12 (b) A conveyance of property by a trustee is void if a 1-13 municipality or county fails to comply with Subsection (a). 1-14 (c) A trust agreement submitted to the governing body of the 1-15 municipality or county under this section is confidential 1-16 information excepted from the requirements of Section 552.021, 1-17 Government Code. 1-18 SECTION 2. The importance of this legislation and the 1-19 crowded condition of the calendars in both houses create an 1-20 emergency and an imperative public necessity that the 1-21 constitutional rule requiring bills to be read on three several 1-22 days in each house be suspended, and this rule is hereby suspended.