Tex. Natural Resources Code § 161.061
This is the official text of Tex. Natural Resources Code § 161.061, part of Texas’s Natural Resources Code — governs land, minerals, and natural resource management.
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§ 161.061. GENERAL DUTIES OF BOARD.
Official statutory text
The board shall:
(1) authorize and execute negotiable bonds as provided by law;
(2) provide by resolution for use of the fund in a manner that will effectuate the intent of the constitution and the law;
(3) prescribe the interest rates as provided by law;
(4) provide for the forfeiture of contracts of sale and purchase and resale of forfeited land;
(5) conduct investigations it considers necessary;
(6) obtain and review any components of internal audit plans that relate to board functions and approve those plans as appropriate during public meetings of the board;
(7) obtain and review any internal audit reports that relate to board functions and discuss those reports during public meetings of the board; and
(8) formulate policies and rules necessary and not in conflict with the law to ensure the proper administration and to carry out the intent and purposes of the law.
(1) authorize and execute negotiable bonds as provided by law;
(2) provide by resolution for use of the fund in a manner that will effectuate the intent of the constitution and the law;
(3) prescribe the interest rates as provided by law;
(4) provide for the forfeiture of contracts of sale and purchase and resale of forfeited land;
(5) conduct investigations it considers necessary;
(6) obtain and review any components of internal audit plans that relate to board functions and approve those plans as appropriate during public meetings of the board;
(7) obtain and review any internal audit reports that relate to board functions and discuss those reports during public meetings of the board; and
(8) formulate policies and rules necessary and not in conflict with the law to ensure the proper administration and to carry out the intent and purposes of the law.
Status: in_force · Read it on the official government site
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