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A BILL TO BE ENTITLED
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AN ACT
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relating to authorizing the sale by the State of Texas of certain |
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real property located in Austin, Texas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. (a) As soon as practicable after the effective |
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date of this Act, the General Land Office shall offer to sell the |
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real property described by Section 2 of this Act under the terms |
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provided by this section. |
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(b) The General Land Office shall negotiate and close a |
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transaction under this section under Section 31.158, Natural |
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Resources Code. Proceeds from this real estate transaction shall be |
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deposited in the general revenue fund. |
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(c) The sale of the real property described by Section 2 of |
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this Act shall be contingent upon the construction and occupation |
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of an alternative state records facility that replaces the facility |
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being operated on the real property by the Texas State Library and |
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Archives Commission on the effective date of this Act. |
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SECTION 2. The real property held by the State of Texas is |
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situated in Travis County, Texas, and more particularly described |
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as follows: |
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20.3127 acres, more or less, located at 4400 Shoal Creek |
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Boulevard in Austin, Travis County, Texas, and having a legal |
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description of ABS 697 SUR 7 SPEAR G W ACR 20.3127. |
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SECTION 3. (a) As soon as practicable after the effective |
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date of this Act, the General Land Office shall offer to sell the |
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real property described by Section 4 of this Act under the terms |
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provided by this section. |
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(b) The General Land Office shall negotiate and close a |
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transaction under this section under Section 31.158, Natural |
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Resources Code. Proceeds from this real estate transaction shall be |
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deposited in the general revenue fund. |
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SECTION 4. The real property held by the State of Texas is |
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situated in Travis County, Texas, and more particularly described |
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as follows: |
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7.5 acres of a 66 acre tract, more or less, located at 909 W. |
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45th Street in Austin, Travis County, Texas, and having a legal |
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description of ALL OF OLT 80&82 DIVISION D. |
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SECTION 5. This Act takes effect September 1, 2023. |