By:  Harris                                            S.B. No. 390
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the disclosure of property valuation information to the
    1-2  owner of property to be acquired for public use.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Subchapter B, Chapter 21, Property Code, is
    1-5  amended by adding Section 21.0111 to read as follows:
    1-6        Sec. 21.0111.  DISCLOSURE OF INFORMATION REQUIRED.  (a)  A
    1-7  governmental entity or corporation with eminent domain authority
    1-8  that wants to acquire real property for a public use shall disclose
    1-9  to the property owner at the time an offer to purchase is made any
   1-10  and all existing appraisal reports produced or acquired by the
   1-11  governmental entity or corporation relating specifically to the
   1-12  owner's property and used in determining the final valuation offer.
   1-13        (b)  A property owner shall disclose to the acquiring
   1-14  governmental entity or corporation any and all existing appraisal
   1-15  reports produced or acquired by the property owner relating
   1-16  specifically to the owner's property and used in determining the
   1-17  owner's opinion of value.  Such disclosure shall take place within
   1-18  10 days of receipt of appraisal reports but no later than 10 days
   1-19  prior to the special commissioner's hearing.  A subsequent bona
   1-20  fide purchaser for value from the governmental entity or
   1-21  corporation may conclusively presume that the requirement of this
   1-22  section has been met.  This section does not apply to acquisitions
   1-23  of real property for which a governmental entity or corporation
   1-24  does not have eminent domain authority.
    2-1        SECTION 2.  The change in law made by this Act applies only
    2-2  to a governmental entity or corporation with eminent domain
    2-3  authority in regard to an offer to purchase that is made on or
    2-4  after the effective date of this Act.  A governmental entity or
    2-5  corporation that makes an offer to purchase before the effective
    2-6  date of this Act is covered in regard to that offer by the law in
    2-7  effect when the offer was made, and the former law is continued in
    2-8  effect for that purpose.
    2-9        SECTION 3.  The importance of this legislation and the
   2-10  crowded condition of the calendars in both houses create an
   2-11  emergency and an imperative public necessity that the
   2-12  constitutional rule requiring bills to be read on three several
   2-13  days in each house be suspended, and this rule is hereby suspended.