Sec. 31.1581. TRANSFER OF REAL PROPERTY FOR USE AS AFFORDABLE HOUSING. (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.
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.
Structure Texas Statutes
Chapter 31 - General Land Office
Subchapter E. Real Property Accounting and Management
Section 31.153. Real Property Accounting and Records
Section 31.154. Real Property Inventory
Section 31.155. Special Status of Certain Agencies
Section 31.156. Real Property Review
Section 31.157. Evaluation Report
Section 31.1571. Governor's Report
Section 31.1573. Real Estate Transactions Authorized by Governor
Section 31.158. Real Estate Transactions Authorized by Legislature
Section 31.1581. Transfer of Real Property for Use as Affordable Housing
Section 31.1582. Sale of Certain Mineral Interests
Section 31.1585. Certain Proceeds
Section 31.159. First Option to Purchase
Section 31.161. Development Plan
Section 31.1611. Public Hearing Before Preparation of Development Plan
Section 31.162. Submission of the Plan to Affected Local Government
Section 31.164. Fees and Assessments