(a) An employee commissioned by the director as a peace officer may purchase for an amount set by the department, not to exceed fair market value, a firearm issued to the person by the department if:
(1) the firearm is not listed as a prohibited weapon under § 46.05, Penal Code; and
(2) the firearm is retired by the department for replacement purposes.
(b) The commission may adopt rules for the sale of a retired firearm under this section to a peace officer commissioned by the director.

Terms Used In Texas Parks and Wildlife Code 11.0193

  • 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.
  • 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