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A BILL TO BE ENTITLED
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AN ACT
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relating to broker agreements for the sale of real property by |
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school districts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.154, Education Code, is amended by |
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adding Subsections (d) and (e) to read as follows: |
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(d) If a contract is made under Subsection (c) with a |
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licensed real estate broker to list the tract of real property for |
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sale for at least 30 days with a multiple-listing service, the board |
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of trustees on or after the 30th day after the date the property is |
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listed may sell the tract of real property to a ready, willing, and |
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able buyer who is produced by any broker using the multiple-listing |
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service and who submits the highest cash offer. |
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(e) The board of trustees may sell a tract of real property |
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under this section without complying with the notice and bidding |
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requirements prescribed by Section 272.001(a), Local Government |
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Code, or other law. |
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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, 2017. |