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A BILL TO BE ENTITLED
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AN ACT
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relating to the transfer, sale, or exchange of real property or an |
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interest in real property between the City of Austin and a state |
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agency. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2166.052, Government Code, is amended by |
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adding Subsection (d) to read as follows: |
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(d) If an agreement under Subsection (c) provides for a |
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transfer, sale, or exchange to be credited against future property |
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or interests to be transferred, sold, or exchanged between the |
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parties, the City of Austin may use any amount credited in the |
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city's favor in a transfer, sale, or exchange of real property or an |
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interest in real property with any state agency other than an |
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institution of higher education as defined by Section 61.003, |
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Education Code. |
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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, 2019. |