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Texas Natural Resources Code - NAT RES § 31.0672. Authority to Conduct Certain Real Property Transactions

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The division may directly sell to a political subdivision or a development corporation organized under Subtitle C1,  1 Title 12, Local Government Code, any real property owned by the state that the legislature has authorized or the governor has approved for sale under Subchapter E  2 if the commissioner determines the sale is in the best interest of the state.

(b) The governor must approve any sale of real property under this section. Failure of the governor to approve the sale constitutes a veto of the transaction.

(c) A sale of real property under this chapter must be for market value and under other terms and conditions the commissioner determines to be in the best interest of the state.

1 V.T.C.A., Local Government Code § 501.001 et seq.
2 V.T.C.A., Natural Resources Code § 31.151 et seq.
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Cite this article: FindLaw.com - Texas Natural Resources Code - NAT RES § 31.0672. Authority to Conduct Certain Real Property Transactions - last updated January 01, 2024 | https://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-31-0672/

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