Texas legislation · 89th Legislature Regular Session
Texas SB2139: Relating to the authority of the Texas Military Department to negotiate the release of a reversionary interest and certain other interests of the state in certain property in Palo Pinto County owned by the Palo Pinto County Livestock Association.
Status: Signed into law, June 20, 2025
What the bill says
An act relating to the authority of the Texas Military Department to negotiate the release of a reversionary interest and certain other interests of the state in certain property in Palo Pinto County owned by the Palo Pinto County Livestock Association.
From the enrolled text, May 25, 2025:
AN ACT relating to the authority of the Texas Military Department to negotiate the release of a reversionary interest and certain other interests of the state in certain property in Palo Pinto County owned by the Palo Pinto County Livestock Association. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. (a) The Texas Military Department shall determine the fair market value of the property described in Section 2 of this Act on the date the property was transferred by the state to the City of Mineral Wells as provided by Senate Bill 197, Acts of the 53rd Legislature, Regular Session, 1953. The Texas Military Department shall also determine the present fair market value of interests retained by the state in buildings, structures, and other property located or installed on the transferred property as required by that Act. The fair market value of the transferred property and other property interests may be established by an independent appraisal obtained by the Texas Military Department or by another means determined reasonable by the department if an independent appraisal of that value is not feasible. (b) Upon determining the fair market value of the property described in Section 2 of this Act and any buildings, structures, or other property located or installed on that property, as provided by Subsection (a) …
Sponsors
- Phil King (R, SD-010) · primary sponsor
- Mike Olcott (R, HD-060)
Latest actions
- : Effective immediately
- : Signed by the Governor
- : Sent to the Governor
- : Signed in the House
- : Signed in the Senate
- : Reported enrolled
- : House passage reported
- : Statement(s) of vote recorded in Journal
- : Record vote (RV#3328)
- : Passed
Votes
- Culture, Recreation & Tourism Committee Vote (Out of committee): 9 yea, 0 nay, passed
- Business & Commerce Committee Vote (Out of committee): 11 yea, 0 nay, passed
- Record vote RV#4092 (May 23, 2025): 97 yea, 37 nay, passed
- Record vote RV#3328 (May 23, 2025): 125 yea, 8 nay, passed
- Record vote RV#3896 (May 22, 2025): 138 yea, 0 nay, passed
- Record vote RV#3248 (May 22, 2025): 131 yea, 1 nay, passed
Subjects: MILITARY DEPARTMENT, TEXAS, Property Interests--Real Property, Public Lands, Buildings & Resources, PALO PINTO COUNTY (GK3EN), Agriculture
Common questions
- What is SB2139?
- SB2139 is a bill in the Texas Legislature (89th Legislature Regular Session): Relating to the authority of the Texas Military Department to negotiate the release of a reversionary interest and certain other interests of the state in certain property in Palo Pinto County owned by the Palo Pinto County Livestock Association.
- What does SB2139 do?
- In its own words: An act relating to the authority of the Texas Military Department to negotiate the release of a reversionary interest and certain other interests of the state in certain property in Palo Pinto County owned by the Palo Pinto County Livestock Association.
- What is the status of SB2139?
- Signed into law as of June 20, 2025. Latest action: Effective immediately (June 20, 2025).
- Who sponsored SB2139?
- Phil King (R, SD-010), with 1 co-sponsor.
- Where is the official record for SB2139?
- On the Texas Legislature website: https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB02139
Source: official Texas record. Tracked by Delilah, AI for legislation across all 50 states and Congress.