1. (a) FCSMD shall solicit offers for land and real property from landowners first through a Request for Offers, when the GSC acts on its own behalf or acts as a purchasing agent for another state agency. Such public solicitations shall include the terms and conditions under which GSC will consider offers received. In the event the Request for Offers is unsuccessful, the GSC may negotiate directly with landowners for the purchase of property. The commission may waive this process under appropriate circumstances.
2. (b) Written responses to the Request for Offers to sell from property owners will be evaluated by GSC 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.
3. (c) The GSC or the purchasing agency, shall accept offers which are in the best interest of the State of Texas. The GSC and the purchasing agency retain the right to reject any and all offers.

4. (d) The GSC or the purchasing agency, after acceptance of a written offer to sell property, is authorized to complete the purchase as follows:

   1. (1) A real estate contract will be executed by the seller and the GSC 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. (2) The terms and conditions under which the GSC 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 August 13, 2000, 25 TexReg 7626.