Texas Local Government Code Title 12, Chapter 379e - Urban Land Bank Program
- Texas Section 379E.001 - Short Title
This chapter may be cited as the Urban Land Bank Program Act. Added by Acts 2007, 80th Leg., R.S., Ch. 1034 (H.B. 1742), Sec. 12,...
- Texas Section 379E.002 - Applicability; Construction With Other Law
This chapter applies only to a municipality: (1) to which Chapter 379C or 379D does not apply; and (2) that has not ever adopted a...
- Texas Section 379E.003 - Definitions
In this chapter: (1) "Affordable" means that the monthly mortgage payment or contract rent does not exceed 30 percent of the applicable median family income...
- Texas Section 379E.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 379E.005 - Qualified Participating Developer
To qualify to participate in an urban land bank program, a developer must: (1) have developed three or more housing units within the three-year period...
- Texas Section 379E.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 379E.007 - Public Hearing On Proposed Plan
(a) Before adopting a plan, a municipality shall hold a public hearing on the proposed plan. (b) The city manager or the city manager's designee...
- Texas Section 379E.008 - Private Sale To Land Bank
(a) Notwithstanding any other law and except as provided by Subsection (f), property that is ordered sold pursuant to foreclosure of a tax lien may...
- Texas Section 379E.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) Within the...
- Texas Section 379E.010 - Restrictions On Occupancy And Use Of Property
(a) The land bank shall impose deed restrictions on property sold to qualified participating developers requiring the development and sale or rental of the property...
- Texas Section 379E.011 - Right Of First Refusal
(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 379E.012 - Open Records And Meetings
The land bank shall comply with the requirements of Chapters 551 and 552, Government Code. Added by Acts 2007, 80th Leg., R.S., Ch. 1034 (H.B....
- Texas Section 379E.013 - 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...
Last modified: September 28, 2016