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Texas Natural Resources Code

§ 161.286 — PURCHASE PREFERENCE

NR § 161.286Title 7. RESOURCES PROGRAMS · Ch. 161. VETERANS LAND BOARD · Art. G. PURCHASE AND SALE OF SELECTED LAND

Statute text

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(a)The property acquired by the board becomes a part of the fund, but the veteran who has selected the land has a preference right to purchase the land from the board.
(b)To be entitled to the preference right, the veteran shall agree in writing before the board purchases the land to purchase the land from the board for the price paid for it.
(c)If the veteran fails or refuses to exercise the preference right, the land may be sold by the board in the same manner provided for the sale of land forfeited under this chapter.

Legislative history

Acts 1977, 65th Leg., p. 2670, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

Source: Texas Natural Resources Code § 161.286 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.