Tex. Local Government Code § 373A.105
This is the official text of Tex. Local Government Code § 373A.105, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 373A.105. TITLE TO LAND.
Official statutory text
(a) A trust may retain title to land it acquires and may lease housing units located on the land or sell housing units located on the land under long-term ground leases, as provided by Section 373A.106.
(b) A trust may not transfer title to any land owned by the trust without obtaining:
(1) a unanimous vote of the board members of the trust;
(2) approval by the municipality and county in which the land is located, as provided through a resolution of the governing bodies of the municipality and county adopted with the affirmative vote of four-fifths of the members following a public hearing; and
(3) the provision by the board of the trust of advance notice to all persons who own or rent housing units located on land owned by the trust.
(b) A trust may not transfer title to any land owned by the trust without obtaining:
(1) a unanimous vote of the board members of the trust;
(2) approval by the municipality and county in which the land is located, as provided through a resolution of the governing bodies of the municipality and county adopted with the affirmative vote of four-fifths of the members following a public hearing; and
(3) the provision by the board of the trust of advance notice to all persons who own or rent housing units located on land owned by the trust.
Status: in_force · Read it on the official government site
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