The bill amends the Natural Resources Code to enhance the review process of state-owned real property by the General Land Office and the Texas Department of Housing and Community Affairs (TDHCA). It requires that recommendations for the use of such properties include an analysis of potential commercial, residential, or agricultural leases. Additionally, when considering residential leases, the division must solicit a basic assessment from TDHCA to determine the suitability of the property for affordable housing development. TDHCA is mandated to provide this assessment within 60 days of the request, and the findings must be included in the division's report.

Furthermore, the bill modifies the process by which the commissioner recommends real estate transactions to the governor. Before making a recommendation, the commissioner must also seek a basic assessment from TDHCA regarding the property's potential for affordable housing. Similar to the previous requirement, TDHCA must submit this assessment within 60 days, and it must be included in the commissioner's report. The bill removes certain provisions that previously required TDHCA to evaluate properties identified as underused for their suitability for affordable housing, streamlining the process while ensuring that affordable housing considerations remain a priority.

Statutes affected:
Introduced: Natural Resources Code 31.156, Natural Resources Code 31.1571 (Natural Resources Code 31)