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.
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