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Texas Natural Resources Code

§ 161.319 — RESALE OF FORFEITED LAND

NR § 161.319Title 7. RESOURCES PROGRAMS · Ch. 161. VETERANS LAND BOARD · Art. H. FORFEITURE

Statute text

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(a)Resale of forfeited land under this chapter may be made to the highest bidder under terms and conditions and at the time and in the manner prescribed by the board in its rules, the provisions of this chapter notwithstanding.
(b)The board may reject any and all bids.
(c)If the successful bidder refuses to execute a contract of sale and purchase, the money submitted with the person's bid is forfeited and shall be deposited in the State Treasury and credited to the fund.

Legislative history

Acts 1977, 65th Leg., p. 2672, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1993, 73rd Leg., ch. 242, Sec. 1.26, eff. Aug. 30, 1993.

Source: Texas Natural Resources Code § 161.319 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.