(a) Material Assets.
  (1) No sale of timber, rock, gravel, sand, chemicals, or other material asset, the loss of which tends to lower the value of the land, shall be effective until approved by the chairman of the board.
  (2) The chairman will prescribe the form or forms of instruments necessary to effectuate a sale, and will approve any such sale on behalf of the board.
  (3) At least 1/2 of the proceeds from the sale of a material asset shall be paid to the board. This amount will be applied toward the principal balance of the veteran's account.
(b) Improvements.
  (1) Before any improvements may be removed from the property the veteran must obtain written permission to do so from the chairman of the board.
  (2) The veteran's request should be in writing and addressed to the chairman of the board, and advise the amount to be paid, if any, and the reasons for removal.

Source Note: The provisions of this §175.13 adopted to be effective March 11, 1986, 11 TexReg 1005