- (a) FCSMD shall establish procedures for the process to acquire property, per appropriate direction in legislation.
- (b) Written responses to the Request for Offers to sell from property owners will be evaluated by TBPC staff. All final recommendations shall be presented to the commission or purchasing agency for acceptance. All appropriate studies, appraisals and title work shall accompany such recommendations.
- (c) The TBPC or the purchasing agency, shall accept offers which are in the best interest of the State of Texas. The TBPC and the purchasing agency retain the right to reject any and all offers.
(d) The TBPC or the purchasing agency, after acceptance of a written offer to sell property, is authorized to complete the purchase as follows:
- (1) A real estate contract will be executed by the seller and the TBPC stating all specific conditions of the transfer of property, including delivery of draft deeds, acquisition of title policies, conduct of surveys, environmental tests and other such matters, and other details of the individual transaction. A closing on the transaction shall be scheduled at the convenience of the parties.
- (2) The terms and conditions under which the TBPC purchases the real property shall be designed to comply with applicable law to protect the interests of the State of Texas and shall be reasonable and prudent under normal business practices.
Source Note:The provisions of this §123.12 adopted to be effective March 18, 2002, 27 TexReg 2005.