Real Property Eligible for Sale 378.2. Real Property Sale Procedures 378.3. The sale is in the best interest of the Commission and the Texas National Guard. The real property shall be advertised for cash sale to the highest bidder. The advertisement shall be published in a t least two newspapers of general circulation including, if possible, the county in which the land is located.
Bids are due at a specified time, place, and date.
Bidding may be conducted openly or with sealed bids. The Commission may reject any and all bids. If the original grantor or donor is a governmental entity, the Commission may convey to the original grantor or donor, at fair market value based on an independent appraisal, the real property and any improvements. If the original grantor or donor declines to purchase the real property and improvements at fair market value based on an independent appraisal, the Commission will initiate a bidding process.