Sec. 2175.191. PROCEEDS OF SALE. (a) Proceeds from the sale of surplus or salvage property, less the cost of advertising the sale, the cost of selling the surplus or salvage property, including the cost of auctioneer services or assistance from a private vendor, and the amount of the fee collected under Section 2175.188, shall be deposited to the credit of the general revenue fund of the state treasury.
(b) Repealed by Acts 2003, 78th Leg., ch. 309, Sec. 7.37.
(c) Proceeds from the sale of surplus and salvage property of the Texas Department of Transportation relating to the department's duties under Chapter 2205 shall be deposited to the credit of the department.
Added by Acts 2001, 77th Leg., ch. 1422, Sec. 11.03, eff. Jan. 1, 2002. Amended by Acts 2003, 78th Leg., ch. 309, Sec. 7.32, 7.37, eff. June 18, 2003.
Amended by:
Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 29.13, eff. September 28, 2011.
Acts 2017, 85th Leg., R.S., Ch. 533 (S.B. 312), Sec. 56, eff. September 1, 2017.
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