Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 31. NATURAL RESOURCES AND CONSERVATION |
PART 4. SCHOOL LAND BOARD |
CHAPTER 154. LAND SALES, ACQUISITIONS, AND TRADES |
SECTION 154.11. Acquisition Fee
Latest version.
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The General Land Office shall charge the seller of property an acquisition fee to offset the costs of evaluating the tract for acquisition. The fee shall be assessed at the time of closing the purchase and shall be 1 1/2% of the purchase price. The board may waive all or a part of this fee.
Source Note: The provisions of this §154.11 adopted to be effective April 2, 1986, 11 TexReg 1392.