Texas Government Code 411.020 – Purchase of Firearm From Department by Officer
Current as of: 2024 | Check for updates
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(a) A commissioned officer of the department may purchase for an amount set by the department, not to exceed fair market value, a firearm issued to the officer by the department if the firearm is not listed as a prohibited weapon under § 46.05, Penal Code, and if the firearm is retired by the department for replacement purposes.
(b) The department may adopt rules for the sale of a retired firearm to an officer of the department.
Terms Used In Texas Government Code 411.020
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.