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A BILL TO BE ENTITLED
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AN ACT
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relating to urban land bank demonstration programs for counties. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subtitle A, Title 12, Local Government Code, is |
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amended by adding Chapter 379F to read as follows: |
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CHAPTER 379F. URBAN LAND BANK DEMONSTRATION PROGRAM |
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Sec. 379F.001. SHORT TITLE. This chapter may be cited as |
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the Urban Land Bank Demonstration Program Act. |
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Sec. 379F.002. APPLICABILITY. This chapter applies only to |
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counties that: |
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(1) have a population of 1.18 million or more; and |
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(2) have a total area of less than 1,300 square miles. |
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Sec. 379F.003. URBAN LAND BANK DEMONSTRATION PROGRAM. (a) |
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The governing body of a county may adopt an urban land bank |
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demonstration program in which the officer charged with selling |
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real property ordered sold pursuant to foreclosure of a tax lien may |
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sell certain eligible real property by private sale for purposes of |
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affordable housing development as provided by this chapter. |
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(b) The governing body of a county that adopts an urban land |
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bank demonstration program shall establish or approve a land bank |
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for the purpose of acquiring, holding, and transferring unimproved |
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real property under this chapter. |
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SECTION 2. This Act takes effect September 1, 2015. |