Texas Local Government Code Title 12, Chapter 379d - Urban Land Bank Program In Municipality With Population Of 1.9 Million Or More
- Texas Section 379D.001 - Short Title
This chapter may be cited as the Urban Land Bank Program Act for a Municipality with a Population of 1.9 Million or More. Added by...
- Texas Section 379D.002 - Applicability
This chapter applies only to a municipality with a population of 1.9 million or more. Added by Acts 2005, 79th Leg., Ch. 795 (S.B. 356),...
- Texas Section 379D.003 - Definitions
In this chapter: (1) "Community housing development organization" or "organization" means an organization that: (A) meets the definition of a community housing development organization in...
- Texas Section 379D.004 - Urban Land Bank Program
(a) The governing body of a municipality may adopt an urban land bank program in which the officer charged with selling real property ordered sold...
- Texas Section 379D.005 - Qualified Participating Developer
To qualify to participate in an urban land bank program, a developer must: (1) have built three or more housing units within the three-year period...
- Texas Section 379D.006 - Urban Land Bank Plan
(a) A municipality that adopts an urban land bank program shall operate the program in conformance with an urban land bank plan. (b) The governing...
- Texas Section 379D.007 - Public Hearing On Proposed Plan
(a) Before adopting a plan, a municipality shall hold a public hearing on the proposed plan. (b) The mayor or the mayor's designee shall provide...
- Texas Section 379D.008 - Private Sale To Land Bank
(a) Notwithstanding any other law and except as provided by Subsections (b) and (g), property that is ordered sold pursuant to foreclosure of a tax...
- Texas Section 379D.009 - Subsequent Resale By Land Bank
(a) Each subsequent resale of property acquired by a land bank under this chapter must comply with the conditions of this section. (b) Except as...
- Texas Section 379D.010 - Restrictions On Occupancy And Use Of Property
(a) The land bank shall impose deed restrictions with appropriate terms and conditions on property sold to qualified participating developers and eligible adjacent property owners...
- Texas Section 379D.011 - Right Of First Refusal In Eligible Adjacent Property Owners; Conditions Of Purchase
(a) Property acquired by the land bank shall be offered for sale, at fair market value as determined by the appraisal district in which the...
- Texas Section 379D.012 - Right Of Second Refusal In Qualified Organizations
(a) In this section, "qualified organization" means a community housing development organization that: (1) contains within its designated geographical boundaries of operation, as set forth...
- Texas Section 379D.013 - Open Records And Meetings
The land bank shall comply with the requirements of Chapters 551 and 552, Government Code. Added by Acts 2005, 79th Leg., Ch. 795 (S.B. 356),...
- Texas Section 379D.014 - Records; Audit; Report
(a) The land bank shall keep accurate minutes of its meetings and shall keep accurate records and books of account that conform with generally accepted...
- Texas Section 379D.015 - Effect Of Sale To Land Bank Or Subsequent Purchasers Or Lenders For Value; Limitation On Certain Causes Of Action
After the first anniversary of a sale of property to a land bank under this chapter: (1) a third party, other than a qualified participating...
Last modified: September 28, 2016