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Texas Natural Resources Code

§ 32.109 — ACCEPTANCE AND REJECTION OF BIDS

NR § 32.109Title 2. PUBLIC DOMAIN · Part C. ADMINISTRATION · Ch. 32. SCHOOL LAND BOARD · Art. D. SALE AND LEASE OF LAND

Statute text

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(a)For each tract offered for sale, lease, or commitment to a contract for development, the board must accept the best bid submitted that meets the minimum requirements set by the board or by law or reject all bids.
(b)The minutes of the board shall reflect the acceptance or rejection of a bid.

Legislative history

Acts 1977, 65th Leg., p. 2380, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 12, eff. Sept. 1, 1993.

Source: Texas Natural Resources Code § 32.109 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.