Texas Transportation Code - Section 257.005. Notice To Purchasers Of Real Property In Road District
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§ 257.005. NOTICE TO PURCHASERS OF REAL PROPERTY IN ROAD
DISTRICT. (a) Before the final closing of a sale of real property
located in a road district, the seller shall furnish to the buyer of
the real property a written notice, executed and acknowledged by
the seller, that:
(1) contains a statement that the real property is
located in the road district and includes the name of the district;
(2) states the total amount of any bonds, notes, or
other obligations that have been approved and authorized to be
issued by the district but have not been issued; and
(3) states the total amount of any bonds, notes, or
other obligations payable from property taxes that have been issued
and sold by the district, if any, and the district's current tax
rate if this subdivision applies.
(b) The seller shall provide to the road district a copy of
the notice.
(c) The notice is sufficient if it substantially complies
with this section.
Acts 1995, 74th Leg., ch. 165, § 1, eff. Sept. 1, 1995.
Section: 256.052 256.053 256.054 257.001 257.002 257.003 257.004 257.005 257.006 257.021 257.022 257.023 257.024 257.025 257.026
Last modified: August 10, 2007
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