Texas Natural Resources Code
§ 51.503 — APPRAISAL REQUIRED
NR § 51.503Title 2. PUBLIC DOMAIN · Part D. DISPOSITION OF THE PUBLIC DOMAIN · Ch. 51. LAND, TIMBER, AND SURFACE RESOURCES · Art. J. GRANTS
Statute text
View on source(a)Before a grant is made under Section 51.501, an appraiser employed by the land office must appraise the effect of the improvement for which a grant is sought on the value of the permanent school fund property.
(b)If the appraiser finds that the improvement will increase the value of the real property in an amount at least equal to the amount the improvement will cost, the commissioner may authorize the disbursement of money to construct the improvement.
Legislative history
Added by Acts 2003, 78th Leg., ch. 1091, Sec. 31, eff. June 20, 2003.