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A BILL TO BE ENTITLED
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AN ACT
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relating to certain municipal requirements regarding sales of |
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residential properties in certain areas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 214.905(d), Local Government Code, is |
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amended to read as follows: |
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(d) This section does not apply to: |
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(1) property that is part of an urban land bank |
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program; or |
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(2) a multifamily residential development of eight or |
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more residential units: |
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(A) intended for private sale; |
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(B) located less than one mile from a commuter |
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rail station; and |
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(C) located in a municipality: |
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(i) with a population of more than 650,000; |
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(ii) that has a governing body consisting |
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only of members who are elected at large; and |
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(iii) in which a commuter rail system was |
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approved by an election held after November 1, 2004. |
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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, 2009. |