Relating to the appointment of a receiver for and sale of certain parcels of land that are abandoned, unoccupied, tax delinquent, and undeveloped in certain municipalities.

Contracts

• Loan Agreements: Lenders holding security interests in border-region land must amend covenants. Define a "Notice of Administrative Determination" (the city's first step in seizure) as an immediate Event of Default.
• Receiver Agreements: If your firm acts as a receiver, ensure the court order explicitly authorizes the statutory 15% fee and grants "fee simple" sales authority to satisfy title companies.

Hiring/Training

• Asset Management: Train staff to monitor municipal websites in El Paso and Hidalgo counties. Public notice of abandonment is deemed satisfied by online posting; physical mail is not guaranteed if tax records are outdated.
• Receiver Qualification: Developers seeking appointment as receivers must prepare a dossier demonstrating a "record of knowledge" regarding undeveloped land to satisfy judicial requirements.

Reporting & Record-Keeping

• Address Verification: You must update your registered mailing addresses with the County Appraisal District immediately. The law presumes notice is received if sent to the last known address on the tax roll.
• Receiver Disclosures: Court-appointed receivers must file a detailed accounting of costs, revenues, and land disposition with the District Court prior to termination of the receivership.

Fees & Costs

• Receivership Fee: A new statutory fee of up to 15% of costs and expenses is authorized for the receiver, deducted directly from sale proceeds.
• Redemption Costs: To reclaim seized property during the 12-month redemption window, owners must pay all back taxes, court costs, receiver fees, and publication costs.