Texas Natural Resources Code 31.309 – Preference Right to Purchase Certain Real Property
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(a) A person or the person’s heirs who conveyed real property to the state for use by the superconducting super collider research facility has a preference right to purchase the same tract of real property previously conveyed before the tract is offered for sale by the state to any other person.
(b) A person who has a preference right under this section must pay at least the market value for the real property as determined by an appraisal conducted by the land office.
Terms Used In Texas Natural Resources Code 31.309
- Appraisal: A determination of property value.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(c) This section does not apply to a subsurface estate as defined by § 31.308.
(d) The commissioner may adopt rules necessary to implement this section.