Rejection of Bids and Additional Bids

Tex. Natural Resources Code § 71.007, under Chapter 71.

Tex. Natural Resources Code § 71.007

Sec. 71.007. REJECTION OF BIDS AND ADDITIONAL BIDS. If the governing body believes that the bids submitted to it do not represent the fair value of the leases, the governing body may reject the bids, give notice, and call for additional bids. Acts 1977, 65th Leg., p. 2505, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.