Tex. Nat. Res. Code § 71.007

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 71.007 - Rejection of Bids and Additional Bids

If the governing body believes that the bids submitted to it do not represent the fair value of the leases, the governing body may reject the bids, give notice, and call for additional bids.

Tex. Nat. Res. Code § 71.007

Acts 1977, 65th Leg., p. 2505, ch. 871, art. I, Sec. 1, eff. 9/1/1977.