(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.

Terms Used In Texas Natural Resources Code 161.319

  • Contract: A legal written agreement that becomes binding when signed.
  • 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

(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.

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