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Texas Natural Resources Code

§ 71.007 — REJECTION OF BIDS AND ADDITIONAL BIDS

NR § 71.007Title 2. PUBLIC DOMAIN · Part F. LAND OF POLITICAL SUBDIVISIONS · Ch. 71. LEASE FOR MINERAL DEVELOPMENT · Art. A. LEASES BY POLITICAL SUBDIVISIONS

Statute text

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If the governing body believes that the bids submitted to it do not represent the fair value of the leases, the governing body may reject the bids, give notice, and call for additional bids.

Legislative history

Acts 1977, 65th Leg., p. 2505, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

Source: Texas Natural Resources Code § 71.007 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.