Sec. 379E.004. URBAN LAND BANK PROGRAM

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(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 pursuant to foreclosure of a tax lien may sell certain eligible real property by private sale for purposes of affordable housing development as provided by this chapter.
(b) The governing body of a municipality that adopts an urban land bank program shall establish or approve a land bank for the purpose of acquiring, holding, and transferring unimproved real property under this chapter.

Added by Acts 2007, 80th Leg., R.S., Ch. 1034 , Sec. 12, eff. September 1, 2007. Added by Acts 2007, 80th Leg., R.S., Ch. 1341 , Sec. 33, eff. September 1, 2007.

                    
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