{"data":{"id":"us-tx/tex.-water-code-60.042","jurisdiction":"us-tx","citation":"Tex. Water Code § 60.042","heading":"AWARD AND EXECUTION OF DEED OR LEASE IN EXCESS OF 50 YEARS.","body":"(a) After notice is published under Section 60.040, the district may sell or lease in accordance with that section all or any part of the real property to the highest and best bidder for an amount which is not less than the reasonable market value in the locality at the time and place of the sale or lease.\n(b) The commission shall adopt a resolution or order confirming the sale or lease. The resolution or order shall include or incorporate by reference the terms of the sale or lease and the consideration and shall provide that the executive director of the district, or a person authorized by the executive director of the district, is authorized to execute the deed or lease as soon as the successful bidder complies with the terms of the bid.\nActs 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971. Amended by Acts 1993, 73rd Leg., ch. 23, Sec. 4, eff. April 6, 1993; Acts 2003, 78th Leg., ch. 588, Sec. 4, eff. June 20, 2003.\nAmended by:\nActs 2017, 85th Leg., R.S., Ch. 427 (S.B. 1395), Sec. 5, eff. June 1, 2017.","path":["WATER CODE","TITLE 4. GENERAL LAW DISTRICTS","CHAPTER 60. NAVIGATION DISTRICTS--GENERAL PROVISIONS","SUBCHAPTER C. ADDITIONAL POWERS AND DUTIES OF CERTAIN DISTRICTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/WA/htm/WA.60.htm#60.042","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:48Z","sha256":"9451ed9e812127ada0dfef63ac66b8852ceffcded0e8777f61cc4d216cdae407","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-water-code-60.041","next":"us-tx/tex.-water-code-60.043"},"notice":"GroundRules: Original legal text. Not legal advice."}