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  H.B. No. 2692
 
 
 
 
AN ACT
  relating to certain municipal requirements regarding sales of
  residential properties in certain areas.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 214.905(d), Local Government Code, is
  amended to read as follows:
         (d)  This section does not apply to:
               (1)  property that is part of an urban land bank
  program; or
               (2)  a multifamily residential development of eight or
  more residential units:
                     (A)  intended for private sale;
                     (B)  located less than one mile from a commuter
  rail station; and
                     (C)  located in a municipality:
                           (i)  with a population of more than 650,000;
                           (ii)  that has a governing body consisting
  only of members who are elected at large; and
                           (iii)  in which a commuter rail system was
  approved by an election held after November 1, 2004.
         SECTION 2.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2009.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 2692 was passed by the House on May 5,
  2009, by the following vote:  Yeas 73, Nays 68, 2 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.B. No. 2692 was passed by the Senate on May
  27, 2009, by the following vote:  Yeas 30, Nays 1.
 
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
   
            _____________________
                   Governor