Tex. Nat. Resources Code Section 31.0672
Authority to Conduct Certain Real Property Transactions

(a)

The division may directly sell to a political subdivision or a development corporation organized under Subtitle C1, Title 12, Local Government Code, any real property owned by the state that the legislature has authorized or the governor has approved for sale under Subchapter E if the commissioner determines the sale is in the best interest of the state.

(b)

The governor must approve any sale of real property under this section. Failure of the governor to approve the sale constitutes a veto of the transaction.

(c)

A sale of real property under this chapter must be for market value and under other terms and conditions the commissioner determines to be in the best interest of the state.
Added by Acts 2003, 78th Leg., ch. 1091, Sec. 13, eff. June 20, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 156 (S.B. 1509), Sec. 1, eff. May 21, 2007.
Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 16.001, eff. September 1, 2009.

Source: Section 31.0672 — Authority to Conduct Certain Real Property Transactions, https://statutes.­capitol.­texas.­gov/Docs/NR/htm/NR.­31.­htm#31.­0672 (accessed Jun. 5, 2024).

31.001
Definitions 31.002
Exemption from Certain Real Estate Transaction Laws 31.011
Land Office Established 31.014
Commissioner’s Liability 31.015
Chief Clerk 31.016
Abstract Clerk 31.017
Receiver 31.018
Translator 31.019
Surveyors 31.021
Reimbursement for Notary Public Expense 31.051
General Duties 31.052
Custody of Records 31.053
Filing Papers 31.054
Public Access to and Removal of Papers 31.056
Revision, Compilation, and Printing of Abstracts 31.058
Receiving Funds 31.059
Receiver’s Books 31.062
Embezzlement 31.064
Setting and Collecting Fees 31.065
Authority to Accept Grants, Gifts, Devises, Trusts, and Bequests 31.066
Authority to Accept Title to a Site Following Completion of Remedial Action in Accordance with Federal Law 31.067
Authority to Sell Certain Agency Real Property 31.068
Standing to Enforce Restrictions 31.069
Indefinite Quantity Contracts for Services After Declared Natural Disaster 31.153
Real Property Accounting and Records 31.154
Real Property Inventory 31.155
Special Status of Certain Agencies 31.156
Real Property Review 31.157
Evaluation Report 31.158
Real Estate Transactions Authorized by Legislature 31.159
First Option to Purchase 31.161
Development Plan 31.162
Submission of the Plan to Affected Local Government 31.163
Rezoning 31.164
Fees and Assessments 31.165
Special Board of Review 31.166
Hearing 31.167
Binding Effect of Development Plan 31.307
Dedication of Roads 31.308
Conveyance of Surface and Subsurface Estate 31.309
Preference Right to Purchase Certain Real Property 31.401
Natural Gas Acquisition Contracts 31.402
Rules 31.450
Findings 31.451
Preservation and Maintenance of Alamo 31.452
Assistance from State Preservation Board 31.453
Agreement with Daughters of the Republic of Texas 31.454
The Alamo Complex Account 31.455
Alamo Preservation Advisory Board 31.0515
Duties Related to the Alamo Complex 31.0655
Save Texas History and Adopt-a-beach Programs 31.0671
Agency Authority to Sell or Exchange Real Property 31.0672
Authority to Conduct Certain Real Property Transactions 31.1571
Governor’s Report 31.1573
Real Estate Transactions Authorized by Governor 31.1581
Transfer of Real Property for Use as Affordable Housing 31.1582
Sale of Certain Mineral Interests 31.1585
Certain Proceeds 31.1611
Public Hearing Before Preparation of Development Plan
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Accessed:
Jun. 5, 2024

§ 31.0672’s source at texas​.gov