Bill Amendment: TX SB147 | 2023-2024 | 88th Legislature

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Relating to the purchase of or acquisition of title to real property by certain aliens or foreign entities.

Status: 2023-05-04 - Referred to State Affairs [SB147 Detail]

Download: Texas-2023-SB147-Senate_Amendment_S_2_F2-Kolkhorst.html

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Amend CSSB 147 (senate committee printing) as follows:

(1)  In SECTION 3 of the bill, in added Section 5.251, Property Code (page 1, lines 55-58), strike Subdivision (1) and substitute the following:

(1)  "Control" means ownership of at least 50 percent of the voting ownership interest of an organization necessary to elect a governing person or governing authority of an organization.

(2)  In SECTION 3 of the bill, in added Section 5.251, Property Code, immediately following Subdivision (2) (page 2, between lines 4 and 5), insert the following appropriately numbered subdivision and renumber subsequent subdivisions accordingly:

( )  "Governing authority," "governing person," and "organization" have the meanings assigned by Section 1.002, Business Organizations Code.

(3)  In SECTION 3 of the bill, immediately following added Section 5.252(b), Property Code (page 2, between lines 22 and 23), insert the following appropriately lettered subsection:

( )  This subchapter does not apply to a leasehold interest in land or improvements constructed upon a leasehold.