JH H.B. 2056 75(R)BILL ANALYSIS URBAN AFFAIRS H.B. 2056 By: Hill 3-27-97 Committee Report (Unamended) BACKGROUND Chapter 34 of the Tax Code is entitled Tax Sales and Redemption. It contains the procedures for the sale of property following foreclosure of a tax lien. Section 34.06 contains the provisions regarding the distribution of proceeds following the resale of property purchase by a taxing unit at a tax foreclosure sale. It requires the purchasing taxing unit to pay court costs and expenses and to distribute the remaining proceeds to other participating taxing units in satisfaction of taxes, penalties, and interests. PURPOSE This legislation would entitle a taxing unit purchasing foreclosed property to recover expenses incurred relating to environmental concerns. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency or institution. SECTION BY SECTION ANALYSIS SECTION 1. Adds Tax Code Section 34.06(c) to entitle a purchasing taxing unit to recover from proceeds of the resale of foreclosed property expenses incurred by the taxing unit for purposes of determining whether there may be a release of solid waste from the property, and taking remedial action, regardless of whether legally required and regardless of consent from other taxing units. SECTION 2. Emergency clause.