Which entity determines the value of a vacancy?

The correct choice is that the School Land Board determines the value of a vacancy. In the context of Texas, the School Land Board is responsible for the management and administration of public lands and resources owned by the State, particularly those that benefit public education. This includes evaluating properties and determining their value, which can extend to the consideration of any vacancies on these lands.

The School Land Board operates under specific statutes that guide its functions, including the management of lands designated for the benefit of public schools. By establishing the value of vacant lands, the Board can ensure that these assets are properly utilized or leased in a way that maximizes their contribution to public education funding.

Regarding the other entities, the Land Office Board primarily deals with the management of state lands and resource development, but does not have the designated role of evaluating land value specifically. The State Governor may have broader oversight responsibilities but does not directly engage in determining the value of individual parcels of land. Similarly, the Office of the Attorney General primarily handles legal matters and enforcement of state laws and does not involve itself in property valuation activities. Thus, the School Land Board holds the authority in this context regarding the value of vacancies.