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A BILL TO BE ENTITLED
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AN ACT
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relating to rate and damage schedules governing certain easements |
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or other interests in land of The University of Texas System. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 66.46, Education Code, is amended by |
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adding Subsection (m) to read as follows: |
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(m) The board of regents shall establish procedures by which |
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a person seeking an easement or other interest under this section |
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may seek relief from a rate or damage schedule that the person |
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believes does not represent the fair market value of the interest |
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being sought. |
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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. |