{"data":{"id":"us-tx/tex.-government-code-2306.126","jurisdiction":"us-tx","citation":"Tex. Government Code § 2306.126","heading":"EXEMPTION FROM PROPERTY TAX.","body":"(a) The department may, under its terms, conditions, and rules, pay public agencies in lieu of ad valorem taxes on property that the department acquires through foreclosure or sale under a deed of trust.\n(b) The department shall make payments under this section instead of paying taxes whenever practicable with money lawfully available for this purpose, subject to the provisions of any bond resolution.\nAdded by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.","path":["GOVERNMENT CODE","TITLE 10. GENERAL GOVERNMENT","SUBTITLE G. ECONOMIC DEVELOPMENT PROGRAMS INVOLVING BOTH STATE AND LOCAL GOVERNMENTS","CHAPTER 2306. TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS","SUBCHAPTER F. HOUSING FINANCE DIVISION: GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2306.htm#2306.126","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"ead860998d2865c47968bd14e7a189eed8232ea47a3fb034f96232f6a19d4e6c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-2306.125","next":"us-tx/tex.-government-code-2306.127"},"notice":"GroundRules: Original legal text. Not legal advice."}