Tex.
Gov't Code Section 2306.851
Application
(a)
This subchapter applies only to a property owner of a multifamily housing development that is insured or assisted under a program under Section 8, United States Housing Act of 1937 (42 U.S.C. Section 1437f), or that is:(1)
insured or assisted under a program under:(A)
Section 221(d)(3), National Housing Act (12 U.S.C. Section 1715l);(B)
Section 236, National Housing Act (12 U.S.C. Section 1715z-1); or(C)
Section 514, 515, or 516, Housing Act of 1949 (42 U.S.C. Section 1484, 1485, or 1486); and(2)
financed by a mortgage that is eligible for prepayment at the option of the property owner.(b)
This subchapter does not apply to the disposal of property because of:(1)
a governmental taking by eminent domain or negotiated purchase;(2)
a foreclosure action;(3)
a transfer by gift, devise, or operation of law; or(4)
a sale to a person who would be entitled to an interest in the property if the property owner died intestate.(c)
This subchapter does not apply to property included in a restructuring program with a participating administrative entity designated by the United States Department of Housing and Urban Development.
Source:
Section 2306.851 — Application, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2306.htm#2306.851
(accessed Jun. 5, 2024).