REPLATTING BY QUALIFIED PARTICIPATING DEVELOPER
Known as the Urban Land Bank Demonstration Program Act
The act spans §§ 379C.001 to 379C.015 (18 sections).
Added by Acts 2009, 81st Leg., R.S., Ch. 1297 (H.B. 2344), Sec. 6, eff
The land bank may sell two adjacent properties that are owned by the land bank to a qualified participating developer if:
(1) at least one of the properties is appropriate for residential development; and
(2) the developer agrees to replat the two adjacent properties as one property that is appropriate for residential development.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.