Sec. 252.051. APPRAISAL REQUIRED BEFORE PURCHASE OF PROPERTY WITH BOND PROCEEDS. A municipality may not purchase property wholly or partly with bond proceeds until the municipality obtains an independent appraisal of the property's market value.
Added by Acts 2011, 82nd Leg., R.S., Ch. 719 (H.B. 782), Sec. 1, eff. September 1, 2011.
Structure Texas Statutes
Title 8 - Acquisition, Sale, or Lease of Property
Subtitle A - Municipal Acquisition, Sale, or Lease of Property
Chapter 252 - Purchasing and Contracting Authority of Municipalities
Section 252.041. Notice Requirement
Section 252.0415. Procedures for Electronic Bids or Proposals
Section 252.042. Requests for Proposals for Certain Procurements
Section 252.043. Award of Contract
Section 252.0435. Safety Record of Bidder Considered
Section 252.0436. Contract With Person Indebted to Municipality
Section 252.044. Contractor's Bond
Section 252.045. Referendum on Issuance of Time Warrants
Section 252.046. Circumstances in Which Current Funds to Be Set Aside
Section 252.047. Payment Method for Certain Contracts
Section 252.048. Change Orders
Section 252.049. Confidentiality of Information in Bids or Proposals
Section 252.050. Lease-Purchase or Installment Purchase of Real Property
Section 252.051. Appraisal Required Before Purchase of Property With Bond Proceeds