By Dunnam H.B. No. 3387 77R9530 T A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the disposition of public property in a defense 1-3 economic readjustment zone. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 2310.410, Government Code, is amended to 1-6 read as follows: 1-7 Sec. 2310.410. Disposition of Public Property in 1-8 Readjustment Zone. (a) After an area is designated as a 1-9 readjustment zone, the state, a municipality, or a county that owns 1-10 a surplus building (including any structure) or vacant land in the 1-11 zone may dispose of the building or land by: 1-12 (1) selling the building or land at a public auction; 1-13 (2) selling the building or land without notice or 1-14 bidding as provided by Subsection (d); or 1-15 (3) establishing an urban homestead program described 1-16 by Subsection (e). 1-17 (b) A municipality or county may sell a surplus building or 1-18 vacant land in the readjustment zone at less than fair market value 1-19 if the governing body of the municipality or county by ordinance or 1-20 order, as appropriate, adopts criteria that specify the conditions 1-21 and circumstances under which the sale may occur and the public 1-22 purpose to be achieved by the sale. A copy of the ordinance or 1-23 order must be filed with the department not later than the day on 1-24 which the sale occurs. 2-1 (c) If the surplus building or vacant land is sold at a 2-2 public auction, the building or land may be sold to a buyer who is 2-3 not the highest bidder if the criteria and public purpose specified 2-4 in the ordinance or order adopted under Subsection (b) are 2-5 satisfied. 2-6 (d) The surplus building or vacant land may be sold without 2-7 complying with notice or bidding requirements (including election 2-8 or voter approval requirements imposed by other law, if any), if 2-9 the criteria and public purpose specified in the ordinance or order 2-10 adopted under Subsection (b) are satisfied. 2-11 (e) An urban homestead program must provide that: 2-12 (1) the state, municipality, or county is to sell to 2-13 an individual a residence or part of a residence that it owns for 2-14 an amount not to exceed $100; 2-15 (2) as a condition of the sale, the individual must 2-16 agree by covenant in the deed conveying the residence to live in 2-17 the residence for at least seven years and to renovate or remodel 2-18 the residence to meet the level of maintenance stated in an 2-19 agreement between the individual and the governmental entity; and 2-20 (3) after the individual satisfies the seven-year 2-21 residency and property improvement requirements of the agreement, 2-22 the governmental entity shall assign the residence to the 2-23 individual. 2-24 SECTION 2. This Act takes effect September 1, 2001.