Bill Text: TX SB334 | 2017-2018 | 85th Legislature | Comm Sub
Bill Title: Relating to broker agreements for the leasing of real property owned by a county.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2017-05-02 - Committee report printed and distributed [SB334 Detail]
Download: Texas-2017-SB334-Comm_Sub.html
| By: West | S.B. No. 334 | |
| (In the Senate - Filed December 15, 2016; January 30, 2017, | ||
| read first time and referred to Committee on Intergovernmental | ||
| Relations; May 2, 2017, reported favorably by the following vote: | ||
| Yeas 6, Nays 0; May 2, 2017, sent to printer.) | ||
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| relating to broker agreements for the leasing of real property | ||
| owned by a county. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Sections 263.008(b), (c), (d), and (e), Local | ||
| Government Code, are amended to read as follows: | ||
| (b) The commissioners court of a county may contract with a | ||
| broker to sell or lease a tract of real property that is owned by the | ||
| county. | ||
| (c) The commissioners court of a county may pay a fee if a | ||
| broker produces a ready, willing, and able buyer or lessee to | ||
| purchase or lease a tract of real property. | ||
| (d) If a contract made under Subsection (b) requires a | ||
| broker to list the tract of real property for sale or lease for at | ||
| least 30 days with a multiple-listing service used by other brokers | ||
| in the county, the commissioners court on or after the 30th day | ||
| after the date the property is listed may sell or lease the tract of | ||
| real property to a ready, willing, and able buyer or lessee who is | ||
| produced by any broker using the multiple-listing service and who | ||
| submits the highest cash offer. | ||
| (e) The commissioners court may sell or lease a tract of | ||
| real property under this section without complying with the | ||
| requirements for conducting a public auction, including the | ||
| requirements prescribed by Section 263.001. | ||
| 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, 2017. | ||
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