78th Texas Legislature, Regular Session, House Bill 2801, Chapter 299 Page: 4 of 15
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H.B. No. 2801
1 (4) the sources and amounts of funding anticipated to
2 be available from the municipality for subsidies for development
3 of affordable housing in the municipality, including any money
4 specifically available for housing developed under the program, as
5 approved by the governing body of the municipality at the time the
6 plan is adopted.
7 Sec. 379C.007. PUBLIC HEARING ON PROPOSED PLAN. (a) Before
8 adopting a plan, a municipality shall hold a public hearing on the
9 proposed plan.
10 (b) The city manager or the city manager's designee shall
11 provide notice of the hearing to all community housing development
12 organizations and to neighborhood associations identified by the
13 municipality as serving the neighborhoods in which properties
14 anticipated to be available for sale to the land bank under this
15 chapter are located.
16 (c) The city manager or the city manager's designee shall
17 make copies of the proposed plan available to the public not later
18 than the 60th day before the date of the public hearing.
19 Sec. 379C.008. PRIVATE SALE TO LAND BANK. (a)
20 Notwithstanding any other law and except as provided by Subsection
21 (f), property that is ordered sold pursuant to foreclosure of a tax
22 lien may be sold in a private sale to a land bank by the officer
23 charged with the sale of the property without first offering the
24 property for sale as otherwise provided by Section 34.01, Tax Code,
25 if:
26 (1) the market value of the property as specified in
27 the judgment of foreclosure is less than the total amount due under4
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Texas. Legislature. House of Representatives. 78th Texas Legislature, Regular Session, House Bill 2801, Chapter 299, legislative document, 2003-05/2003-06; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth158525/m1/4/: accessed May 6, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.