{"data":{"id":"us-tx/tex.-local-government-code-373a.102","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 373A.102","heading":"NATURE OF NONPUBLIC TRUST.","body":"A trust that is not created by the governing body of a political subdivision must be a nonprofit organization that is:\n(1) created to acquire and hold land for the benefit of developing and preserving long-term affordable housing in the district; and\n(2) exempt from federal income taxation under Section 501(a), Internal Revenue Code of 1986, by being certified as an exempt organization under Section 501(c)(3), Internal Revenue Code of 1986.\nAdded by Acts 2005, 79th Leg., Ch. 495 (H.B. 525), Sec. 1, eff. September 1, 2005.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 1175 (H.B. 470), Sec. 6, eff. September 1, 2007.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE A. MUNICIPAL PLANNING AND DEVELOPMENT","CHAPTER 373A. HOMESTEAD PRESERVATION DISTRICTS AND REINVESTMENT ZONES","SUBCHAPTER C. HOMESTEAD LAND TRUST"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.373A.htm#373A.102","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"490f3a6d65d3628265637d27e45cb29991228f60128b57488e669ca66b76cc4d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-373a.101","next":"us-tx/tex.-local-government-code-373a.103"},"notice":"GroundRules: Original legal text. Not legal advice."}