Sec. 2175.188. PURCHASER'S FEE. (a) For property that is sold under Section 2175.186 or 2175.187, the commission shall collect a fee from the purchaser.
(b) The commission shall set the fee at an amount that is:
(1) sufficient to recover costs associated with the sale; and
(2) at least two percent but not more than 12 percent of sale proceeds.
Added by Acts 2001, 77th Leg., ch. 1422, Sec. 11.03, eff. Jan. 1, 2002.
Structure Texas Statutes
Subtitle D - State Purchasing and General Services
Chapter 2175 - Surplus and Salvage Property
Subchapter D. Disposition of Surplus or Salvage Property
Section 2175.181. Applicability
Section 2175.182. State Agency Transfer of Property
Section 2175.1825. Advertising on Commission Website
Section 2175.183. Commission Notice to Other Entities
Section 2175.186. Disposition by Competitive Bidding, Auction, or Direct Sale
Section 2175.187. Disposition by Direct Sale to Public
Section 2175.188. Purchaser's Fee
Section 2175.189. Advertisement of Sale
Section 2175.190. Reporting Sale; Property Accounting Adjustment
Section 2175.191. Proceeds of Sale