Tex. Local Government Code § 373A.204
This is the official text of Tex. Local Government Code § 373A.204, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 373A.204. HOMESTEAD LAND BANK PROGRAM.
Official statutory text
(a) The governing body of a municipality may adopt a homestead 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 subchapter.
(b) The governing body of a municipality that adopts a homestead land bank program shall establish or approve a land bank for the purpose of acquiring, holding, and transferring unimproved real property under this subchapter.
(b) The governing body of a municipality that adopts a homestead land bank program shall establish or approve a land bank for the purpose of acquiring, holding, and transferring unimproved real property under this subchapter.
Status: in_force · Read it on the official government site
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