Sec. 134.148.  SALE OF ACQUIRED LAND.  (a)  If land acquired under Section 134.145 is considered suitable for industrial, commercial, residential, or recreational development, this state may sell the land by public sale under a system of competitive bidding at not less than fair market value and under rules adopted to ensure that the land is put to proper use consistent with local plans, if any, as determined by the commission.
(b)  The land may be sold only when authorized by the secretary of the interior if federal money was involved in the acquisition of the land to be sold.
Added by Acts 1995, 74th Leg., ch. 76, Sec. 12.02(a), eff. Sept. 1, 1995.