Texas Water Code 55.200 – Sale of Land Acquired by a District for Other Than District Purposes
Current as of: 2024 | Check for updates
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Terms Used In Texas Water Code 55.200
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
The district may sell to the highest bidder at a public sale any land acquired by the district through foreclosure of liens for maintenance and operation assessments or acquired by the district for any purpose other than carrying out its plans. The board may use proceeds from the sale for making improvements in the district, for maintenance and operation of the district’s system, or for carrying on district business.