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 154.21. Trade Fee
Latest version.
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The General Land Office shall charge a trade fee to participants involved in a land trade of permanent school fund property with the School Land Board. The fee shall be assessed at the time of closing the transaction and shall be 1 1/2% of the appraised value of the particular state tract acquired by the participant in the trade. The School Land Board may waive all or a part of this fee.
Source Note: The provisions of this §154.21 adopted to be effective April 2, 1986, 11 TexReg 1392.