SWORN REPORT

(a) Before the board purchases land under Section 161.211 of this code or Subchapter G of this chapter, it shall require the seller to execute a sworn report to the board that shall include the following: (1) the date the seller purchased the land; (2) the amount the seller paid for the land if purchased subsequent to June 7, 1949; (3) from whom the seller purchased the land; and (4) the improvements made on the land since the seller purchased it and the cost of the improvements. (b) If the land is purchased under Subchapter G of this chapter, the sworn report shall include the following additional information: (1) if the seller by any manner or method is making the down payment to the board on behalf of the veteran; (2) if there is a lease arrangement between the seller and the veteran, and if so, the duration, term, and amount to be paid; and (3) if there is an agreement or contract of any nature between the seller and the veteran to transfer, sell, or convey at any time in the future.