Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 141.076 - Bids(a) Sales of leases shall be made by sealed bids.(b) The board is entitled to reject any and all bids, but if it accepts a bid, the bid must be determined by the board to be in the best interest of the State of Texas.
Tex. Nat. Res. Code § 141.076
Acts 1977, 65th Leg., p. 2642, ch. 871, art. I, Sec. 1, eff. 9/1/1977.