Texas Government Code 2304.079 – Public Sale or Auction of Acquired Property
Current as of: 2024 | Check for updates
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(a) If the department acquires housing in the enforcement of a lien under this chapter, it shall within six months after the acquisition offer the housing for public sale or auction.
(b) The department must provide notice of the public sale or auction by having a notice published in a newspaper of general circulation in the county in which the property is located. The notice must be published once a week for three consecutive weeks before the date of the sale or auction and must contain:
(1) a description of the property;
(2) a description of the procedures for submitting competitive bids for the property; and
(3) a statement of the time and location of the sale or auction.
Terms Used In Texas Government Code 2304.079
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: means real and personal property. See Texas Government Code 311.005
- Week: means seven consecutive days. See Texas Government Code 311.005
(c) The department may reject any or all bids submitted for the property.