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Tex. Local Government Code § 379C.004

URBAN LAND BANK DEMONSTRATION PROGRAM

Texas · Texas Local Government Code · Status: effective

Banking, Finance & Insurance
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Tex. Local Government Code § 379C.004, URBAN LAND BANK DEMONSTRATION PROGRAM, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/693449
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(a) The governing body of a municipality may adopt an urban land bank demonstration 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 affordable housing development or other purposes as provided by this chapter. (b) The governing body of a municipality that adopts an urban land bank demonstration program shall establish or approve a land bank for the purpose of acquiring, holding, and transferring unimproved real property under this chapter.