Sec. 32.107. NOTICE OF SALE, LEASE, AND CONTRACT FOR DEVELOPMENT. (a) The board shall publish notice that the board will receive bids for the sale, lease, or commitment to a contract for development of land in at least three issues of at least four daily newspapers or other publications, two of which may be Internet-based journals, trade publications, newsletters, or similar news media, that are, in the opinion of the commissioner, likely to reach the public interested in responding to the notice of sale, lease, or commitment to a contract for development.
(b) The notice shall be published at least 30 days before the date the bids are due.
(c) The notice shall state that land is to be offered for sale, lease, or commitment to a contract for development on a certain date and at a certain time and the method of the sale, lease, or commitment to a contract for development and shall give notice of how a person may obtain additional information concerning the land offered for sale, lease, or commitment to a contract for development.
(d) The land office may solicit and include advertising in its publications. The commissioner shall deposit fees paid for advertising in land office publications in a separate account in the state treasury.
Acts 1977, 65th Leg., p. 2380, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1985, 69th Leg., ch. 624, Sec. 20, eff. Sept. 1, 1985; Acts 1993, 73rd Leg., ch. 897, Sec. 9, eff. Sept. 1, 1993.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1175 (H.B. 3461), Sec. 8, eff. June 19, 2009.
Structure Texas Statutes
Chapter 32 - School Land Board
Subchapter D. Sale and Lease of Land
Section 32.101. Applicable Law
Section 32.105. Date for Opening Bids
Section 32.106. Description of Land
Section 32.107. Notice of Sale, Lease, and Contract for Development
Section 32.1072. Minimum Royalty, Bonus, and Rental
Section 32.1073. Fixing Royalty, Bonus, and Rental
Section 32.109. Acceptance and Rejection of Bids
Section 32.110. Special Sale Fee
Section 32.111. Issuance of Award or Lease
Section 32.112. Sale of Tax Foreclosure Property
Section 32.113. Exemption From Certain Real Estate Transaction Laws