Tex. Transp. Code § 202.023 · Subchapter B. SALE, EXCHANGE, OR RETURN OF HIGHWAY PROPERTY
SALE OF REAL PROPERTY BY BID.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A sale to the general public of an interest in real property under this subchapter is by sealed bid and may not be for less than the value determined by the commission under Section 202.021.
(b) The commission may require that each bidder pay to the commission a bid deposit in an amount and form determined by the commission.
(c) The commission shall apply the bid deposit to the purchase price of the property for the bid accepted by the commission.
(d) If for any reason the bidder fails to complete the purchase before the 61st day after the date on which the bidder receives written notice that the state is ready to complete the sale, the bid deposit is forfeited.
(e) The state shall refund the bid deposit if the state is unable to complete the sale.
Notes and commentary — not statutory text
History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.202.htm
- Text hash
- sha256 e032a1cc2740e83e50896ba287a2575c266cbd3ba9dfe9187a3aacaf3f4da159
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.