Sec. 379H.108. DISSOLUTION OF LAND BANK. (a) A land bank may be dissolved not earlier than the 60th day after the date an affirmative resolution to dissolve the land bank is approved by two-thirds of the membership of the board and confirmed by resolution of the municipality that created the land bank.
(b) Not less than 60 days before the consideration of a resolution of dissolution by the board, the board shall:
(1) provide to the governing body of the municipality that created the land bank written notice of the board's intent to vote on a resolution for dissolution of the land bank; and
(2) publish the notice in a local newspaper of general circulation.
(c) On dissolution of the land bank, all real property, personal property, and other assets and obligations of the land bank become the assets and obligations of the municipality that created the land bank.
Added by Acts 2021, 87th Leg., R.S., Ch. 780 (S.B. 1679), Sec. 1, eff. September 1, 2021.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle A - Municipal Planning and Development
Chapter 379H - Urban Land Bank Program in Municipality With Population of Two Million or More
Subchapter C. Creation, Operation, and Dissolution of Land Bank
Section 379H.101. Creation of Land Bank
Section 379H.102. General Powers of Land Bank
Section 379H.103. Resolution of Complex Title Questions
Section 379H.104. Interlocal Contracts
Section 379H.105. Records and Reports
Section 379H.107. Advisory Committee and Neighborhood Consultation