Texas Government Code 2175.901 – Purchase of Chairs by Certain State Officers and Agency Heads
Current as of: 2024 | Check for updates
|
Other versions
(a) Notwithstanding other law, on vacating an office or terminating employment, an elected or appointed state officer or an executive head of a state agency in the legislative, executive, or judicial branch of state government may purchase for fair market value the chair used by the officer or employee during the person‘s period of state service.
(b) The fair market value of a chair shall be determined:
(1) for an executive agency or a legislative agency other than the legislature, by the commission;
(2) for a judicial agency, by the chief justice of the supreme court;
(3) for the house of representatives, by the speaker of the house of representatives; and
(4) for the senate, by the lieutenant governor.
Terms Used In Texas Government Code 2175.901
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Justice: when applied to a magistrate, means justice of the peace. See Texas Government Code 312.011
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005