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Texas Natural Resources Code

§ 31.1581 — TRANSFER OF REAL PROPERTY FOR USE AS AFFORDABLE HOUSING

NR § 31.1581Title 2. PUBLIC DOMAIN · Part C. ADMINISTRATION · Ch. 31. GENERAL LAND OFFICE · Art. E. REAL PROPERTY ACCOUNTING AND MANAGEMENT

Statute text

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(a)If the legislature authorizes or the governor approves the transfer of title to real property to an entity for use as affordable housing, the division shall take possession and control of the real property and shall conduct the transaction as provided by the policy adopted under Subsection (b).
(b)The division shall adopt a policy regarding the method of transferring title to real property designated as suitable for affordable housing to an entity for use as affordable housing. The policy must include monitoring and enforcement provisions to ensure that the real property is used for affordable housing.

Legislative history

Acts 2001, 77th Leg., ch. 685, Sec. 3, eff. Sept. 1, 2001. Redesignated from Natural Resources Code Sec. 31.158(d), (e) and amended by Acts 2003, 78th Leg., ch. 1091, Sec. 17, eff. June 20, 2003.

Source: Texas Natural Resources Code § 31.1581 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.