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H.B. No. 957
AN ACT
relating to the valuation of state-owned real property.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 31.156(d), Natural Resources Code, is
amended to read as follows:
(d) The division shall submit to the commissioner [any]
information pertinent to the evaluation of a real estate
transaction involving the real property, including [the market
value of the real property, current market conditions, and] an
evaluation of any proposals received from private parties that
would be of significant benefit to the state and:
(1) if the division recommends a real estate
transaction involving the real property, the market value of the
real property and the current market conditions; or
(2) if the division does not recommend a real estate
transaction involving the real property, evidence of the real
property's value in a form determined to be appropriate by the
commissioner.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2005.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 957 was passed by the House on March
23, 2005, by the following vote: Yeas 145, Nays 0, 2 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 957 was passed by the Senate on May
10, 2005, by the following vote: Yeas 31, Nays 0.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor