Sec. 13.009.  SALE OR EXCHANGE OF LAND.  (a)  The director with the approval of the commission may execute a deed exchanging real property or an interest in real property either as all or partial consideration for other real property or interest in real property. The director with the approval of the commission may execute a deed selling real property or an interest in real property under the jurisdiction of the department if ownership of the real property is no longer in the best interest of the department.
(b)  The department shall receive a good and marketable title to all land exchanged under this section.
(c)  All land to be received in the exchange must be appraised and if the land to be received is of greater value, as determined by an independent and competent appraisal, than the state land exchanged, the department may use funds available for land acquisitions as a partial consideration for the exchange.
(d)  The receipts from the sale of land under this section shall be used for improving or acquiring other real property dedicated to the same purpose for which the land sold was dedicated.
(e)  Notwithstanding any other law or charter provision to the contrary, the department and a municipality may agree to exchange park properties under the control or management of the department or municipal government on the following conditions:
(1)  the properties to be exchanged shall continue to be dedicated park properties and used for park purposes;
(2)  no election is required by the municipality to authorize the exchange;  and
(3)  all of the provisions of Subsections (a) through (d) of this section are complied with by the department.
Acts 1975, 64th Leg., p. 1405, ch. 545, Sec. 1, eff. Sept. 1, 1975.  Amended by Acts 1977, 65th Leg., p. 609, ch. 220, Sec. 1, eff. May 24, 1977;  Acts 1979, 66th Leg., p. 550, ch. 260, art. 3, Sec. 2, eff. Sept. 1, 1979;  Acts 1987, 70th Leg., ch. 1069, Sec. 1, eff. June 20, 1987;  Acts 1991, 72nd Leg., ch. 246, Sec. 1, eff. Sept. 1, 1991;  Acts 1999, 76th Leg., ch. 617, Sec. 3, eff. Sept. 1, 1999.