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A BILL TO BE ENTITLED
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AN ACT
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relating to the confidentiality of certain information involving |
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real estate transactions of the School Land Board, Veterans' Land |
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Board, General Land Office, or land commissioner. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.086, Natural Resources Code, is |
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amended to read as follows: |
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Sec. 11.086. CONFIDENTIALITY OF CERTAIN INFORMATION |
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RELATED TO PURCHASE, [OR] SALE, OR DEVELOPMENT OF REAL PROPERTY. |
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(a) Information relating to the development, location, [or] |
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purchase price, or sale price of real property developed, |
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purchased, or sold by or for the School Land Board, Veterans' Land |
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Board, land office, or commissioner under authority granted by this |
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code, including a contract provision related to the development, |
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purchase, or sale of the property, is confidential and exempt from |
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disclosure under Chapter 552, Government Code, until all deeds [a
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deed] for the property that are applicable to the transaction or |
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series of related transactions are [is] executed and until all |
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substantive performance or executory requirements of applicable |
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contracts have been satisfied. Information that is confidential |
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and exempted from disclosure under this subsection includes an |
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appraisal, completed report, evaluation, or investigation |
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conducted for the purpose of locating or determining the purchase |
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or sale price of the property, or any report prepared in |
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anticipation of developing, purchasing, or selling real property. |
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(b) Information that is confidential and excluded from |
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disclosure under Subsection (a) is not subject to a subpoena |
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directed to the School Land Board, Veterans' Land Board, land |
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office, commissioner, attorney general, or governor. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |