1-1 By: Ehrhardt, et al. (Senate Sponsor - Carona) H.B. No. 1413
1-2 (In the Senate - Received from the House March 29, 1999;
1-3 March 30, 1999, read first time and referred to Committee on
1-4 Intergovernmental Relations; April 29, 1999, reported favorably by
1-5 the following vote: Yeas 4, Nays 0; April 29, 1999, sent to
1-6 printer.)
1-7 A BILL TO BE ENTITLED
1-8 AN ACT
1-9 relating to the sale of land by a municipality to organizations
1-10 providing housing for low-income families and individuals.
1-11 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-12 SECTION 1. Section 34.015(a), Tax Code, is amended to read
1-13 as follows:
1-14 (a) Notwithstanding any other provision of this subchapter,
1-15 the governing body of a municipality may provide for the manner in
1-16 which any land acquired by the municipality [following the
1-17 foreclosure of a tax lien in favor of the municipality] may be sold
1-18 if the land is sold to:
1-19 (1) a nonprofit organization that develops housing for
1-20 low income individuals and families as a primary activity to
1-21 promote community-based revitalization of the municipality; or
1-22 (2) a nonprofit corporation described by 26 U.S.C.
1-23 Section 501(c)(3) that:
1-24 (A) has been incorporated in this state for at
1-25 least one year;
1-26 (B) has a corporate purpose to develop
1-27 affordable housing that is stated in its articles of incorporation,
1-28 bylaws, or charter;
1-29 (C) has at least one-fourth of its board of
1-30 directors residing in the municipality; and
1-31 (D) engages primarily in the building, repair,
1-32 rental, or sale of housing for low income individuals and families.
1-33 SECTION 2. The importance of this legislation and the
1-34 crowded condition of the calendars in both houses create an
1-35 emergency and an imperative public necessity that the
1-36 constitutional rule requiring bills to be read on three several
1-37 days in each house be suspended, and this rule is hereby suspended,
1-38 and that this Act take effect and be in force from and after its
1-39 passage, and it is so enacted.
1-40 * * * * *