Texas Natural Resources Code

§ 161.175 — USE OF FUND TO PAY EXPENSES RELATED TO THE LAND

NR § 161.175Title 7. RESOURCES PROGRAMS · Ch. 161. VETERANS LAND BOARD · Art. E. VETERANS' LAND FUND

Statute text

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(a)The board may use money in the fund attributable to bonds that have been issued and sold to pay:

(1)expenses of surveying and monumenting the land and the tracts of land;

(2)the cost of constructing roads on the land or the tracts of land;

(3)legal fees, recordation fees, and advertising costs arising from the purchase and sale or resale of the land and the tracts of land; and

(4)other similar costs necessary or incidental to the purchase and sale of land acquired by the board.

(b)These expenses shall be added to the price of the land when sold or resold by the board.

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Legislative history

Acts 1977, 65th Leg., p. 2663, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1993, 73rd Leg., ch. 242, Sec. 1.20, eff. Aug. 30, 1993; Acts 2003, 78th Leg., ch. 25, Sec. 1, eff. May 12, 2003.