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A BILL TO BE ENTITLED
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AN ACT
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relating to the power of the Aransas County Navigation District to |
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determine the amount of a check or bond necessary to purchase land |
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from the district. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 5001, Special District |
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Local Laws Code, is amended by adding Section 5001.102 to read as |
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follows: |
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Sec. 5001.102. SECURITY FOR BIDS ON LAND TO BE SOLD. |
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Notwithstanding Section 60.041, Water Code, the commission may |
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determine the amount of the check or bond a bidder must submit with |
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a bid to purchase land from the district to guarantee that the |
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bidder will perform the terms of the purchase bid if it is accepted |
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by the commission. |
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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, 2011. |