Sec. 31.0672. AUTHORITY TO CONDUCT CERTAIN REAL PROPERTY TRANSACTIONS. (a) The division may directly sell to a political subdivision or a development corporation organized under Subtitle C1, 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 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.
Added by Acts 2003, 78th Leg., ch. 1091, Sec. 13, eff. June 20, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 156 (S.B. 1509), Sec. 1, eff. May 21, 2007.
Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 16.001, eff. September 1, 2009.
Structure Texas Statutes
Chapter 31 - General Land Office
Subchapter C. Powers and Duties
Section 31.051. General Duties
Section 31.0515. Duties Related to the Alamo Complex
Section 31.052. Custody of Records
Section 31.054. Public Access to and Removal of Papers
Section 31.056. Revision, Compilation, and Printing of Abstracts
Section 31.058. Receiving Funds
Section 31.059. Receiver's Books
Section 31.064. Setting and Collecting Fees
Section 31.065. Authority to Accept Grants, Gifts, Devises, Trusts, and Bequests
Section 31.0655. Save Texas History and Adopt-a-Beach Programs
Section 31.067. Authority to Sell Certain Agency Real Property
Section 31.0671. Agency Authority to Sell or Exchange Real Property
Section 31.0672. Authority to Conduct Certain Real Property Transactions
Section 31.068. Standing to Enforce Restrictions
Section 31.069. Indefinite Quantity Contracts for Services After Declared Natural Disaster