Sec. 32.109.  ACCEPTANCE AND REJECTION OF BIDS.  (a)  For each tract offered for sale, lease, or commitment to a contract for development, the board must accept the best bid submitted that meets the minimum requirements set by the board or by law or reject all bids.
(b)  The minutes of the board shall reflect the acceptance or rejection of a bid.
Acts 1977, 65th Leg., p. 2380, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.  Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 12, eff. Sept. 1, 1993.