79th Texas Legislature, Regular Session, House Bill 2217, Chapter 1098 Page: 2 of 14
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H.B. No. 2217
1 islands, shall be subject to the sole and exclusive management and
2 control of [tl , s , and l b] the school land board
3 and the commissioner under the provisions of this chapter and other
4 applicable law.
5 (a-l) The board may acquire, sell, lease, trade, improve, or
6 otherwise manage, control, or use land that is set apart to the
7 permanent school fund in any manner, at such prices, and under such
8 terms and conditions as the board finds to be in the best interest
9 of the fund.
10 (a-2) Not later than October 15 of each year, the board
11 shall report to the Legislative Budget Board the sale of any land
12 that is set apart to the permanent school fund for less than
13 appraised value or the purchase of any land that is set apart to the
14 permanent school fund for more than appraised value during the
15 preceding state fiscal year.
16 SECTION 5. Section 51.051, Natural Resources Code, is
17 amended to read as follows:
18 Sec. 51.051. SALE OF LAND. All [Cubjectt- Cthe p rovision-
19 of Sc:tiOn 321n of thiC code, all] sales of land described in
20 Section 51.011 [of this cc5:] shall be made by or under the
21 direction of the school land board [to the api at who ubmits t6-s %
23 c-t by the boa- fo2r pY.ur a cha ' f the lan].
24 SECTION 6. Section 51.052, Natural Resources Code, is
25 amended by amending Subsections (d), (e), and (i) and adding
26 Subsection (1) to read as follows:
27 (d) Before the land under this chapter is sold, the
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Texas. Legislature. House of Representatives. 79th Texas Legislature, Regular Session, House Bill 2217, Chapter 1098, legislative document, June 18, 2005; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth156739/m1/2/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.