Sec. 71.007. REJECTION OF BIDS AND ADDITIONAL BIDS. If the governing body believes that the bids submitted to it do not represent the fair value of the leases, the governing body may reject the bids, give notice, and call for additional bids.
Acts 1977, 65th Leg., p. 2505, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Structure Texas Statutes
Subtitle F - Land of Political Subdivisions
Chapter 71 - Lease for Mineral Development
Subchapter A. Leases by Political Subdivisions
Section 71.002. Authority to Lease
Section 71.003. Governing Body to Exercise Authority
Section 71.004. Notice and Hearing
Section 71.005. Notice of Intention to Lease Land
Section 71.006. Receiving Bids and Awarding Lease
Section 71.007. Rejection of Bids and Additional Bids