PURCHASER'S FEE
Known as the State Purchasing and General Services Act
The act spans §§ 2151.001 to 2177.010 (567 sections).
Added by Acts 2001, 77th Leg., ch. 1422, Sec. 11.03, eff
(a) For property that is sold under Section 2175.186 or 2175.187, the commission shall collect a fee from the purchaser.
(b) The commission shall set the fee at an amount that is:
(1) sufficient to recover costs associated with the sale; and
(2) at least two percent but not more than 12 percent of sale proceeds.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.