Try our Online
Only Auctions at
LoneStarOnline.com

Saturday, June 21, 2008 starting at 9:00 am CT
Travis County Exposition Center, 7311 Decker Lane, Austin, Texas 78724

Live Auction Registration: 7:00 am the day of auction or during Image Preview on June 20th.
TxDOT Slide Preview: Friday, June 20, 2008 from 12:00pm - 4:00pm
Inspection: Monday - Friday from 8 am to 3 pm two weeks prior to the Live / Webcast Auction Date. Please contact each district to set up an appointment to preview their items.
Removal: Monday - Friday from 8:00am - 3:00pm ONLY, starting June 23, 2008 through July 25, 2008. Districts will be closed July 4, 2008 in observance of Independance Day.

Terms of Payment:
Payment must be made in full immediately at the end of the auction by either cash, cashiers check or check with an original bank letter of guarantee which reads:

NO CHARGE CARDS WILL BE ACCEPTED!

Notice:
Checks without approved Bank Letter of Guarantee are subjected to a 2.5% check guarantee fee. Titles and equipment will be held until these checks clear (approximately 15 business days).

Purchaser Fee:
Chapter 2175,182 Texas Government Code, Title 10, Subtitle D, requires that a fee be collected with from the purchaser of surplus or salvage property to recover the costs associated with the sale. A fee in the amount of 6.50% will be collected at settlement. Per Texas Building & Procurement Commission Rule 1 TAC 126.3, the fee will be reviewed annually.

Emission Surcharge:
As required in rule changes in T.A.C., Title 34, Part 1, Chapter 3, Subchapter O, Rule 3.320 the following surcharges must be collected per tax code. Effective with those bids open after July 1, 2003 and the auctions held after that date, surcharge of 2% on the purchase of off-road, heavy duty, diesel construction equipment.

Sales Tax:
Texas State Sales tax of 8.25% will be collected from all taxable buyers taking possession of their purchases in Texas for all equipment and vehicles where titles are not available. Texas State Sales tax will be collected from ALL buyers who do not complete appropriate resale documentation upon registration for the auction and prior to making purchases.

Absentee Bidding on LoneStarOnline.com Coming Soon!

Online Absentee High Bidder Notification:
The Successful Winning High Bidder on LoneStarOnline.com will be considered an ABSENTEE BID and act as the STARTING BID on the floor at the Live / Webcast portion of the auction on Saturday, June 21, 2008. An email will be sent out on Thursday morning June 19, 2008 notifying the successful winning absentee bidder.

Acceptance of Terms :
All persons participating in online bidding agree to and accept all Terms and Conditions unequivocally and without exception. All participants hereby agree and accept that the State of Texas nor Lone Star Auctioneers, Inc. will be held responsible for any failure to execute any online bid on behalf of any participant(s) for any reason whatsoever. All bidders hereby acknowledge that they understand that if they place the high bid on any lot or lots in the LoneStarOnline.com portion of the auction they are not the winner of that lot or lots and that when they have made payment for their high bids those bids will be used as the starting bid in the live Webcast auction. If their bid prevails at the live Webcast auction, then they will be the winning bidder.

Other Important Information:
24/7 Online Bidding for this auction is being offered as a means to provide an ABSENTEE BID opportunity for those who may not be able to attend the live auction or participate in the webcast. The highest bid received for each lot in the 24/7 auction will become an ABSENTEE BID and will be used as the OPENING BID at the Live-Webcast auction to be held on Saturday, June 21, 2008 in Austin, Texas. This means the highest online bid is only a final sale when and if it is the highest final bid at the live auction. If no higher bids are received during the live auction, the 24/7 absentee bid will stand and becomes the FINAL winning bid. If, however, a higher bid is received at the live auction, the 24/7 absentee bidder will be unsuccessful and will have their pre-paid monies returned in full.

Based on our previous experience, we suggest that 24/7 bidders decide the maximum value of each lot to himself or herself and bid that amount. Lowball bids are very seldom successful in either 24/7 or live auctions. Please note - Only the amount showing at the close of the Online Absentee bidding will be taken to the Live auction. It is pointless to use the AUTO BID feature, as we will not have access to this information.

Winner Notification :
Successful Online Absentee bidders from the live auction will be notified via email immediately after the Live/ Webcast portion of the auction on February 9, 2008. All successful Online Absentee Bidders MUST sign and return the Terms and Conditions Form and Ceritfication Form along with their Cashiers Check payment NO LATER THAN Wednesday, June 20, 2008 at 5:00pm. Any bidder(s) who do not pay for their online purchases will not be allowed to register or participate in any future auctions conducted by Lone Star Auctioneers, Inc. Please call Lone Star Auctioneers with any questions or assistance you may need for bidding at the next State of Texas auction (800-275-3336).

Purchaser Fee:
Chapter 2175,182 Texas Government Code, Title 10, Subtitle D, requires that a fee be collected with from the purchaser of surplus or salvage property to recover the costs associated with the sale. A fee in the amount of 6.50% will be collected at settlement. Per Texas Building & Procurement Commission Rule 1 TAC 126.3, the fee will be reviewed annually.

Emission Surcharge:
As required in rule changes in T.A.C., Title 34, Part 1, Chapter 3, Subchapter O, Rule 3.320 the following surcharges must be collected per tax code. Effective with those bids open after July 1, 2003 and the auctions held after that date, surcharge of 2% on the purchase of off-road, heavy duty, diesel construction equipment.

Sales Tax:
Texas State Sales tax of 8.25% will be collected from all taxable buyers taking possession of their purchases in Texas for all equipment and vehicles where titles are not available. Texas State Sales tax will be collected from ALL buyers who do not complete appropriate resale documentation upon registration for the auction and prior to making purchases.

Acceptance of Terms:
All persons participating in the Webcast portion of bidding agree to and accept all terms and conditions unequivocally and without exception. All participants hereby agree and accept that neither State of Texas Building and Procurement Commission, Lone Star Auctioneers, Inc. nor Bidspotter.com will be held responsible for any failure to execute a bid on behalf of any participant(s) for any reason whatsoever.

Bidspotter.com Event Link
(click on this link to bid during the webcast portion on auction day)

New to Bidspotter?
Helpful link on how a Webcast auction works

Required Deposit:
All persons desiring to bid online at this auction are required to send a Cashier's Check in the amount of $1000.00 made payable to Lone Star Auctioneers Escrow Account, 4629 Mark IV Parkway, Fort Worth, TX 76106-2295, no later than noon Friday, June 20, 2008 along with signed copies of the required Terms and Conditions Form and Ceritfication Form.

No online bidders will be approved until they have registered and the $1000.00 deposit & registration forms are received. The deposit is fully refundable or will be applied to online purchases at this auction only. We strongly urge bidders to overnight their deposits so that we receive them no later than Thursday, June 19, 2008. The sooner you get your deposit in, the sooner you will be approved to bid absentee and on-line. Although bidders can submit absentee bids prior to approval, those bids will not be executed until we receive your deposit. The Cashiers Checks will not be cashed unless a winning bid is submitted by that bidder. All Cashiers Checks from unsuccessful bidders will be returned within two business days after the auction.

Winner Notification:
Successful Webcast bidders will be notified immediately after the auction. Full payment MUST be made in the form of Cashiers Check ONLY. All payments for on-line purchases MUST be received in our office NO LATER THAN Wednesday, June 25, 2008. Any bidder(s) who do(es) not pay for their online purchases will not be allowed to register or participate in any future Live or Online auctions conducted by Lone Star Auctioneers, Inc. Also - Any bidder who fails to pay for their online purchases will forfeit their entire $1000.00 deposit without recourse.

Purchaser Fee:
Chapter 2175,182 Texas Government Code, Title 10, Subtitle D, requires that a fee be collected with from the purchaser of surplus or salvage property to recover the costs associated with the sale. A fee in the amount of 6.50% will be collected at settlement. Per Texas Building & Procurement Commission Rule 1 TAC 126.3, the fee will be reviewed annually.

Emission Surcharge:
As required in rule changes in T.A.C., Title 34, Part 1, Chapter 3, Subchapter O, Rule 3.320 the following surcharges must be collected per tax code. Effective with those bids open after July 1, 2003 and the auctions held after that date, surcharge of 2% on the purchase of off-road, heavy duty, diesel construction equipment.

Sales Tax:
Texas State Sales tax of 8.25% will be collected from all taxable buyers taking possession of their purchases in Texas for all equipment and vehicles where titles are not available. Texas State Sales tax will be collected from ALL buyers who do not complete appropriate resale documentation upon registration for the auction and prior to making purchases.

Bidspotter Event Link

Absentee Bidding on LoneStarOnline