Sec. 2306.175. TRANSFER AND DISPOSITION OF PROPERTY; MANNER OF SALE. (a) The department may:
(1) sell, assign, lease, encumber, mortgage, or otherwise dispose of real, personal, or mixed property, or an interest in property, or a deed of trust or mortgage lien interest owned by it or in its control, custody, or possession; and
(2) release or relinquish a right, title, claim, lien, interest, easement, or demand acquired in any manner, including an equity or right of redemption in property foreclosed by it.
(b) Notwithstanding any other law, the department may, under this section, conduct a public or private sale, with or without public bidding.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2306 - Texas Department of Housing and Community Affairs
Subchapter H. Housing Finance Division: General Powers and Duties of Department
Section 2306.171. General Duties of Department Relating to Purposes of Housing Finance Division
Section 2306.1711. Rulemaking Procedures for Certain Programs
Section 2306.172. Acquisition and Use of Money; Depositories
Section 2306.174. Acquisition and Disposition of Property
Section 2306.175. Transfer and Disposition of Property; Manner of Sale
Section 2306.179. Investigation
Section 2306.180. Encouraging Home Ownership
Section 2306.181. Targeting Bond Proceeds
Section 2306.182. Loans to Lenders
Section 2306.184. Disclosure of Fees
Section 2306.185. Long-Term Affordability and Safety of Multifamily Rental Housing Developments
Section 2306.186. Mandatory Deposits to Fund Necessary Repairs
Section 2306.187. Energy Efficiency Standards for Certain Single and Multifamily Dwellings
Section 2306.188. Establishing Home Ownership in Disaster Area