Texas HB3462 amends the Public Property Finance Act to modify contract terms for real property acquisitions by governmental agencies.

Texas HB3462 amends the Local Government Code to change the rules for contracts related to real property acquisitions by governmental agencies. The bill specifies that the governing body of a governmental agency may enter into a contract for the use or purchase of real property. It mandates that a notice of intent to enter into such a contract must be published in a newspaper at least 60 days before the contract is approved.

Texas HB3462 amends the Public Property Finance Act to modify contract terms for real property acquisitions by governmental agencies.

Texas HB3462 amends the Local Government Code to change the rules for contracts related to real property acquisitions by governmental agencies. The bill specifies that the governing body of a governmental agency may enter into a contract for the use or purchase of real property. It mandates that a notice of intent to enter into such a contract must be published in a newspaper at least 60 days before the contract is approved.