1-1 AN ACT
1-2 relating to the sale of land by a municipality to organizations
1-3 providing housing for low-income families and individuals.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 34.015(a), Tax Code, is amended to read
1-6 as follows:
1-7 (a) Notwithstanding any other provision of this subchapter,
1-8 the governing body of a municipality may provide for the manner in
1-9 which any land acquired by the municipality [following the
1-10 foreclosure of a tax lien in favor of the municipality] may be sold
1-11 if the land is sold to:
1-12 (1) a nonprofit organization that develops housing for
1-13 low income individuals and families as a primary activity to
1-14 promote community-based revitalization of the municipality; or
1-15 (2) a nonprofit corporation described by 26 U.S.C.
1-16 Section 501(c)(3) that:
1-17 (A) has been incorporated in this state for at
1-18 least one year;
1-19 (B) has a corporate purpose to develop
1-20 affordable housing that is stated in its articles of incorporation,
1-21 bylaws, or charter;
1-22 (C) has at least one-fourth of its board of
1-23 directors residing in the municipality; and
1-24 (D) engages primarily in the building, repair,
2-1 rental, or sale of housing for low income individuals and families.
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.
_______________________________ _______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 1413 was passed by the House on March
25, 1999, by a non-record vote.
_______________________________
Chief Clerk of the House
I certify that H.B. No. 1413 was passed by the Senate on May
10, 1999, by the following vote: Yeas 30, Nays 0.
_______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor