Texas § NR.161.233 - DOWN PAYMENT
Full text of Texas The Texas Constitution § NR.161.233 — DOWN PAYMENT, with citation guidance and answers to common questions.
§ NR.161.233. DOWN PAYMENT
DOWN PAYMENT. (a) The sale price of land sold under Sections 161.175 and 161.231 , 161.232 , and 161.234 of this code may include the addition of the expenses and fees in Sections 161.069 , 161.070 , and 161.175 of this code. Provided, however, no tract may be sold under Sections 161.175 and 161.231 , 161.232 , and 161.234 of this code at a price exceeding $40,000 unless the veteran pays the board in cash, in accordance with its rules, a down payment equal to that portion of the sale price in excess of $40,000. This down payment shall be in addition to the initial payment required by Section 161.222 of this code and shall be paid not later than the sale date. (b) If the sale is not consummated, the down payment shall be refunded to the veteran. Acts 1977, 65th Leg., p. 2669, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1979, 66th Leg., p. 1899, ch. 768, Sec. 2, eff. June 13, 1979; Acts 1985, 69th Leg., ch. 798, Sec. 11, eff. Sept. 1, 1985; Acts 1991, 72nd Leg., ch. 160, Sec. 1, eff. Aug. 26, 1991.
Frequently Asked Questions About Texas § NR.161.233
What does The Texas Constitution § NR.161.233 cover?
Section NR.161.233 ("DOWN PAYMENT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § NR.161.233?
A common citation format is "The Texas Constitution § NR.161.233" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § NR.161.233 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.