Gavvy: Spec. Dist. Loc. Laws Code, Sec. 3854.201. Disbursements Or Transfers of Money.

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Sec. 252.051. Appraisal Required Before Purchase of Property with Bond Proceeds.

Sec. 252.051. APPRAISAL REQUIRED BEFORE PURCHASE OF PROPERTY WITH BOND PROCEEDS. A municipality may not purchase property wholly or partly with bond proceeds until the municipality obtains an independent appraisal of the property's market value.

Added by Acts 2011, 82nd Leg., R.S., Ch. 719 (H.B. 782), Sec. 1, eff. September 1, 2011.

Gavvy last updated this database on: Sep 6, 2024