AUTHOR'S / SPONSOR'S STATEMENT OF INTENT
Current law allows cities that have full ownership of properties to use a broker in the sale of real property; however, it does not specify whether cities holding properties in trust for other taxing entities can use brokers in the sale of real property. This vague wording restricts a city's ability to dispose of nuisance or foreclosed properties the city is holding in trust and places an additional burden on city staff.
H.B. 3244 modifies the current language in Section 253.014(b) to specifically include properties that are held in trust for other taxing entities.
H.B. 3244 amends current law relating to authorizing broker agreements for the sale of real property held in trust by home-rule municipalities.
RULEMAKING AUTHORITY
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Section 253.014(b), Local Government Code, to authorize the governing body of a home-rule municipality to contract with a broker to sell a tract of real property that the municipality owns, rather than real property that is owned by the municipality, or holds in trust and has the authority to sell.
SECTION 2. Effective date: upon passage or September 1, 2015.