Tex. Nat. Resources Code Section 161.175
Use of Fund to Pay Expenses Related to the Land

(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.

(c)

The board may award a contract in an amount not to exceed $25,000 to purchase supplies, materials, services, and equipment for use by the board in connection with improvements to, repairs to, or maintenance of land and with roadways and improvements located on land that are undertaken by the board under this chapter to make the land more marketable or useable without the necessity of soliciting or obtaining competitive bids. The board may not award a contract under this subsection in an amount that exceeds $25,000 without soliciting or obtaining competitive bids.
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.

Source: Section 161.175 — Use of Fund to Pay Expenses Related to the Land, https://statutes.­capitol.­texas.­gov/Docs/NR/htm/NR.­161.­htm#161.­175 (accessed Jun. 5, 2024).

161.001
Definitions 161.011
Veterans Land Board Designated 161.013
Executive Secretary and Assistant Executive Secretary 161.014
Employees 161.015
Compensation and Duties of Employees 161.016
Fiscal Agent 161.017
Meetings of Board 161.018
Minutes of Board 161.019
Depository for Papers, Records, and Archives 161.020
Purchase of Supplies 161.021
Seal 161.022
Chapter Application to Successor Boards 161.023
Training 161.024
Conflicts of Interest 161.025
Equal Protection for Board Members 161.026
Removal of Board Member 161.028
Career Ladder 161.029
Performance Evaluations 161.030
Audit 161.031
Equal Employment Opportunity 161.032
Standards of Conduct 161.033
Public Debate Before Board 161.034
Complaints 161.035
Use of Technology 161.036
Negotiated Rulemaking 161.061
General Duties of Board 161.062
General Duties of Commissioner 161.063
Rules 161.064
Board Authority to Make Investigations 161.065
Oaths 161.066
Subpoena Duces Tecum 161.067
Forfeiture of Charter and Rights 161.068
Form of Instruments 161.069
Fees 161.070
Additional Fees 161.071
Pamphlets 161.072
Lease by Board 161.073
Contracts with Private Entities 161.074
Bond Enhancement Agreements 161.075
Information for Lending Institutions 161.076
Memorandum of Understanding 161.077
Communications Center 161.078
Website 161.079
Benefits Seminars 161.080
Confidentiality of Certain Information 161.0111
Sunset Provision 161.111
Issuance and Sale of Bonds 161.112
Installments 161.113
Interest Rate 161.114
Payment and Maturity of Bonds 161.115
Form, Denomination, and Place of Payment of Bonds 161.116
Manner of Execution 161.117
Signatures and Seals 161.118
Approval by Attorney General 161.119
Registration with Comptroller 161.120
Validity of Bonds 161.121
Bonds as Negotiable Instruments 161.123
Notice for Bids on Bonds 161.124
Security for Bid 161.125
Sale of Bonds 161.126
Replacement Bonds 161.127
Refunding Bonds 161.128
Bonds as Investments and Security 161.129
Taxation of Bonds 161.130
Constitutional Appropriations 161.131
Minority-owned Businesses 161.132
Women-owned Businesses 161.0141
Separation of Responsibilities 161.171
Money and Land Included in Fund 161.173
Investment of Money in Fund 161.174
Use of Fund to Pay Principal and Interest 161.175
Use of Fund to Pay Expenses Related to the Land 161.176
Use of Fund to Pay Bond Expenses 161.177
Purchase and Destruction of Bonds 161.178
Disposal of Excess Funds 161.179
Sale of Land and Land Contracts 161.180
Temporary Transfers 161.212
Appraisal 161.213
Sworn Report 161.214
Title 161.215
Purchase of Land 161.216
Cost of Land Sold by Board 161.217
Appointment of Local Committee 161.218
Work of Local Committee 161.219
Board Investigation 161.220
Exemption 161.221
Initiation of Sale 161.222
Purchase Payments 161.223
Board to Specify Terms 161.224
Time Limit on Transfer 161.225
Sale to a Nonveteran 161.226
Disposition of Land that Is Paid for 161.227
Lease of Land 161.228
Conditions of Leases 161.229
Deeds 161.230
Death of Purchaser 161.231
Subdividing Land 161.232
Conditions for Sale of Land 161.233
Down Payment 161.234
Sale to Other Purchasers 161.235
Rights of Surviving Spouse 161.236
Number of Tracts Purchased 161.237
Exemption from Certain Real Estate Transaction Laws 161.281
Selection of Land 161.282
Processing Applications 161.283
Purchase by Board 161.284
Appraisal and Title 161.285
Separate Transactions 161.286
Purchase Preference 161.287
Rules Governing Sale 161.288
Refund 161.0301
Internal Auditor 161.311
Board Judge of Forfeiture 161.312
Forfeiture by Board 161.313
Correction of Reason for Forfeiture 161.314
Time of Forfeiture 161.315
Notice to County Clerk 161.316
Effect of Forfeiture on Leases 161.317
Reinstatement of Purchase 161.318
Resale of Land 161.319
Resale of Forfeited Land 161.320
Late Payments 161.321
Vacating Premises 161.322
Enforcement of Forfeiture and Protection of Rights 161.323
Liability 161.324
Defenses in Lawsuits 161.361
Definition 161.362
Insurance Requirement 161.363
Insurance Contract 161.366
Insurance Not Mandatory 161.368
Collection of Premium 161.370
Cancellation by Insurer 161.371
Termination of Individual Coverage 161.401
Penalty for Certain Transactions 161.402
Penalty Relating to Certain Purchases, Sales, and Resales of Land 161.403
Penalty for Defrauding Veteran and State 161.501
Purpose of Subchapter 161.502
Definitions 161.503
Loans 161.504
Eligibility for Loan 161.505
Security for Loan 161.506
Initial Payment or Equity 161.507
Loan Payments 161.508
Fees 161.509
Late Payments 161.510
Combination with Certain Home Loans 161.511
Time Limit on Transfer of Land 161.512
Increase in Interest Rate 161.513
Foreclosure and Resale 161.514
Sale of Loans 161.515
Certain Rights, Benefits, Conditions, and Obligations Prohibited 161.1731
Custody and Investment of Assets Pending Transactions 161.1732
Lending Securities 161.2111
Report to Bond Review Board
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 161.175’s source at texas​.gov