Sec. 32.110. SPECIAL SALE FEE. (a) On land sales and mineral leases made by the board, the purchaser or bidder is required to pay by separate check an amount equal to one and one-half percent of the bid or sale amount payable to the commissioner as a special fee. The board may waive the special fee on land sales to any state agency, board, commission, political subdivision, or other governmental entity.
(b) If the sale is by bid, only the special fees paid on the bids accepted by the board shall be deposited by the commissioner in the State Treasury as a special fund.
(c) Failure to pay the special fee shall not void a bid, but the commissioner shall demand payment of the fee before accepting the bid and completing the transaction.
(d) Checks submitted by unsuccessful bidders shall be returned to the bidders.
Acts 1977, 65th Leg., p. 2380, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1983, 68th Leg., p. 405, ch. 81, Sec. 21(n), eff. Sept. 1, 1983; Acts 1993, 73rd Leg., ch. 897, Sec. 13, eff. Sept. 1, 1993.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1175 (H.B. 3461), Sec. 9, 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