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