Texas Statutes
§ 505.1041 — APPRAISAL REQUIRED BEFORE PURCHASE OF PROPERTY WITH BOND PROCEEDS.
Texas § 505.1041
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 505.1041 (APPRAISAL REQUIRED BEFORE PURCHASE OF PROPERTY WITH BOND PROCEEDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Local Government Code Code Ann. § 505.1041 (2026).
Text
Sec. 505.1041. APPRAISAL REQUIRED BEFORE PURCHASE OF PROPERTY WITH BOND PROCEEDS. A Type B corporation may not purchase property for a project wholly or partly with bond proceeds until the corporation obtains an independent appraisal of the property's market value.
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Legislative History
Added by Acts 2011, 82nd Leg., R.S., Ch. 719 (H.B. 782 ), Sec. 2, eff. September 1, 2011.
Nearby Sections
15
§ 505.001
DEFINITION.§ 505.002
APPLICABILITY OF CHAPTER.§ 505.003
AUTHORITY TO CREATE CORPORATION.§ 505.051
BOARD OF DIRECTORS.§ 505.052
RESTRICTION ON BOARD MEMBERSHIP.§ 505.053
OFFICERS.§ 505.054
QUORUM.§ 505.055
LOCATION OF BOARD MEETINGS.§ 505.104
BOND REPAYMENT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 505.1041, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/505.1041.