1-1 By: Talton (Senate Sponsor - Patterson) H.B. No. 1454
1-2 (In the Senate - Received from the House May 10, 1995;
1-3 May 11, 1995, read first time and referred to Committee on
1-4 Intergovernmental Relations; May 17, 1995, reported favorably, as
1-5 amended, by the following vote: Yeas 10, Nays 0; May 17, 1995,
1-6 sent to printer.)
1-7 COMMITTEE AMENDMENT NO. 1 By: Patterson
1-8 Amend H.B. 1454 by adding a new subsection (b) to read as
1-9 follows and relettering subsequent sections:
1-10 "(b) The trustee shall identify the true owner of the
1-11 property to a municipality or county."
1-12 A BILL TO BE ENTITLED
1-13 AN ACT
1-14 relating to requirements for certain political subdivisions that
1-15 acquire real property held in trust.
1-16 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-17 SECTION 1. Chapter 280, Local Government Code, is amended by
1-18 adding Section 280.002 to read as follows:
1-19 Sec. 280.002. ACQUIRING LAND HELD IN TRUST. (a) A
1-20 municipality or county may not purchase real property held in trust
1-21 until the trustee submits to the governing body of the municipality
1-22 or county a copy of the trust agreement identifying the true owner
1-23 of the property.
1-24 (b) A conveyance of property by a trustee is void if a
1-25 municipality or county fails to comply with Subsection (a).
1-26 (c) A trust agreement submitted to the governing body of the
1-27 municipality or county under this section is confidential
1-28 information excepted from the requirements of Section 552.021,
1-29 Government Code.
1-30 SECTION 2. The importance of this legislation and the
1-31 crowded condition of the calendars in both houses create an
1-32 emergency and an imperative public necessity that the
1-33 constitutional rule requiring bills to be read on three several
1-34 days in each house be suspended, and this rule is hereby suspended.
1-35 * * * * *