Texas Transportation Code

§ 201.406 — RELOCATION ASSISTANCE

TN § 201.406Title 6. ROADWAYS · Part A. TEXAS DEPARTMENT OF TRANSPORTATION · Ch. 201. GENERAL PROVISIONS AND ADMINISTRATION · Art. F. DEPARTMENT EMPLOYEES

Statute text

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(a)In addition to authority granted by other law, the department may reimburse transferred employees for expenses or costs related to selling existing housing and purchasing and financing comparable replacement housing if the director determines that the transfer will enhance the department's ability to accomplish its goals and missions.

(b)For purposes of this section, the following expenses or costs related to the selling of existing housing and the leasing, purchasing, and financing of comparable replacement housing are reimbursable:

(1)any commissions and fees due to a broker or real estate agent;

(2)costs incurred as a purchaser to obtain a home loan, including loan application fees, credit report fees, and mortgage points;

(3)origination fees, title insurance, recording fees, and all other closing costs required to be paid by the employee;

(4)fees or charges, other than refundable deposits, necessary to establish telephone, gas, and electric service; and

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Legislative history

Added by Acts 1997, 75th Leg., ch. 1171, Sec. 1.38, eff. Sept. 1, 1997.