By Serna H.B. No. 1118 75R5738 JD-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the manner in which land acquired by certain 1-3 municipalities pursuant to foreclosure of a tax lien in favor of 1-4 those municipalities may be sold. 1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. Section 34.015, Tax Code, is amended to read as 1-7 follows: 1-8 Sec. 34.015. ALTERNATE MANNER OF SALE. (a) Notwithstanding 1-9 any other provision of this subchapter, the governing body of a 1-10 municipality with a population of 1.5 million or more may provide 1-11 for the manner in which land ordered sold pursuant to foreclosure 1-12 of a tax lien in favor of the municipality may be sold if the land 1-13 is sold to a charitable organization entitled to an exemption under 1-14 Section 11.181 from ad valorem taxation on real property owned by 1-15 the organization. 1-16 (b) Notwithstanding any other provision of this chapter, the 1-17 governing body of a municipality located in a county that is 1-18 contiguous to the United Mexican States may provide for the manner 1-19 in which real property acquired by the municipality pursuant to 1-20 foreclosure of a tax lien in favor of the municipality may be sold 1-21 to a purchaser who has entered into a written agreement with the 1-22 municipality under which the purchaser is obligated to construct or 1-23 repair housing on the property to sell at minimal or no profit to a 1-24 low-income individual or family or to rent at minimal or no profit 2-1 to such an individual or family. 2-2 SECTION 2. The importance of this legislation and the 2-3 crowded condition of the calendars in both houses create an 2-4 emergency and an imperative public necessity that the 2-5 constitutional rule requiring bills to be read on three several 2-6 days in each house be suspended, and this rule is hereby suspended, 2-7 and that this Act take effect and be in force from and after its 2-8 passage, and it is so enacted.