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A BILL TO BE ENTITLED
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AN ACT
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relating to required notice concerning special districts in certain |
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Texas Real Estate Commission contract forms. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1101.155, Occupations Code, is amended |
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by adding Subsections (d) and (e) to read as follows: |
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(d) A contract form adopted by the commission for use in the |
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sale and conveyance of real property located in a special district |
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must include notice of: |
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(1) the name, type, and purpose of the district; |
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(2) the rate of any ad valorem tax or assessment |
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imposed by the district in the preceding tax year; and |
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(3) the dollar amount of any ad valorem taxes or |
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assessments imposed by the district on the appraised value of the |
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property in the preceding tax year. |
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(e) In this section, "special district" has the meaning |
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assigned by Section 178.001, Local Government Code. |
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SECTION 2. Not later than December 1, 2021, the Texas Real |
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Estate Commission shall update contract forms to comply with |
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Section 1101.155(d), Occupations Code, as added by this Act. |
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SECTION 3. This Act takes effect September 1, 2021. |