{"data":{"id":"us-tx/tex.-local-government-code-505.1041","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 505.1041","heading":"APPRAISAL REQUIRED BEFORE PURCHASE OF PROPERTY WITH BOND PROCEEDS.","body":"A Type B corporation may not purchase property for a project wholly or partly with bond proceeds until the corporation obtains an independent appraisal of the property's market value.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 719 (H.B. 782), Sec. 2, eff. September 1, 2011.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 505. TYPE B CORPORATIONS","SUBCHAPTER C. POWERS AND DUTIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.505.htm#505.1041","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"9d4bbd6e86cb18ec98a9bb4377a70af010700e75b97d97d3c00a010d5d02899a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-505.104","next":"us-tx/tex.-local-government-code-505.105"},"notice":"GroundRules: Original legal text. Not legal advice."}