Texas Local Government Code

§ 253.010 — SALE OF REAL PROPERTY TO CERTAIN NONPROFIT OR RELIGIOUS ORGANIZATIONS

LG § 253.010Title 8. ACQUISITION, SALE, OR LEASE OF PROPERTY · Part A. MUNICIPAL ACQUISITION, SALE, OR LEASE OF PROPERTY · Ch. 253. SALE OR LEASE OF PROPERTY BY MUNICIPALITIES

Statute text

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(a)Notwithstanding any other provision of law, the governing body of a municipality may provide for the manner in which any land acquired by the municipality may be sold if the land is sold to:

(1)a nonprofit organization that develops housing for low-income individuals and families as a primary activity to promote community-based revitalization of the municipality;

(2)a nonprofit corporation described by 26 U.S.C. Section 501(c)(3) that:

(A)has been incorporated in this state for at least one year;

(B)has a corporate purpose to develop affordable housing that is stated in its articles of incorporation, bylaws, or charter;

(C)has at least one-fourth of its board of directors residing in the municipality; and

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Legislative history

Added by Acts 1995, 74th Leg., ch. 550, Sec. 1, eff. June 13, 1995. Amended by Acts 1997, 75th Leg., ch. 712, Sec. 1, eff. June 17, 1997; Acts 1999, 76th Leg., ch. 181, Sec. 1, eff. Aug. 30, 1999; Acts 1999, 76th Leg., ch. 817, Sec. 3, eff. Sept. 1, 1999. Redesignated from Tax Code, Sec. 34.015 and amended by Acts 2001, 77th Leg., ch. 1420, Sec. 18.005, eff. Sept. 1, 2001; Acts 2001, 77th Leg., ch. 1430, Sec. 33, eff. Sept. 1, 2001.