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. 2-14 COMMITTEE AMENDMENT NO. 1 2-15 Amend SB 390 as follows: 2-16 1) Amend SECTION 1 as follows: 2-17 1. page 1, line 7, between "entity" and "with" delete 2-18 "or corporation". 2-19 2. page 1, line 11, between "entity" and "relating" 2-20 delete "or corporation". 2-21 3. page 1, line 14, between "entity" and "any" delete 2-22 "or corporation". 2-23 4. page 1, lines 20 and 21, between "entity" and "may" 2-24 delete "or corporation". 2-25 5. page 1, line 23 and page 2, line 1, between 2-26 "entity" and "does" delete "or corporation". 2-27 2) Amend SECTION 2 as follows: 3-1 1. page 2, line 3, between "entity" and "with" delete 3-2 "or corporation". 3-3 2. page 2, lines 5 and 6, between "entity" and "that" 3-4 delete "or corporation". 3-5 Turner