(a) Before the board purchases land under Section 161.211 of this code or Subchapter G of this chapter, it shall require the seller to execute a sworn report to the board that shall include the following:
(1) the date the seller purchased the land;
(2) the amount the seller paid for the land if purchased subsequent to June 7, 1949;
(3) from whom the seller purchased the land; and
(4) the improvements made on the land since the seller purchased it and the cost of the improvements.
(b) If the land is purchased under Subchapter G of this chapter, the sworn report shall include the following additional information:
(1) if the seller by any manner or method is making the down payment to the board on behalf of the veteran;
(2) if there is a lease arrangement between the seller and the veteran, and if so, the duration, term, and amount to be paid; and
(3) if there is an agreement or contract of any nature between the seller and the veteran to transfer, sell, or convey at any time in the future.