(a) In addition to the authority granted under § 232.045, a commissioners court may implement an expedited process to administratively determine that a platted lot is abandoned, unoccupied, and undeveloped if the lot:
(1) has remained undeveloped for 25 years or more after the date the lot was platted;
(2) is part of a subdivision in which 50 percent or more of the lots are undeveloped or unoccupied;
(3) is part of a subdivision in which 50 percent or more of the lots are 10 acres or less in size;
(4) had an assessed value of less than $1,000 as of January 1, 2021; and
(5) as of January 1, 2021, was not valued for ad valorem taxation as land for agricultural use pursuant to Subchapter C, Chapter 23, Tax Code.
(b) The county does not have an ownership interest in any lot that is administratively determined to be abandoned, unoccupied, and undeveloped or that is placed in a receivership under this subchapter, except for any existing or future legal interest established by other law.