{"data":{"id":"us-tx/tex.-local-government-code-252.051","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 252.051","heading":"APPRAISAL REQUIRED BEFORE PURCHASE OF PROPERTY WITH BOND PROCEEDS.","body":"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.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 719 (H.B. 782), Sec. 1, eff. September 1, 2011.","path":["LOCAL GOVERNMENT CODE","TITLE 8. ACQUISITION, SALE, OR LEASE OF PROPERTY","SUBTITLE A. MUNICIPAL ACQUISITION, SALE, OR LEASE OF PROPERTY","CHAPTER 252. PURCHASING AND CONTRACTING AUTHORITY OF MUNICIPALITIES","SUBCHAPTER C. PROCEDURES"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.252.htm#252.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"02e5d622b42a4d268c3c75fa8ba397dbceb868324611891ca6d332cb96ff4e6e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-252.050","next":"us-tx/tex.-local-government-code-252.061"},"notice":"GroundRules: Original legal text. Not legal advice."}