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Texas Natural Resources Code

§ 141.073 — LEASE OF PERMANENT SCHOOL FUND LAND

NR § 141.073Title 5. GEOTHERMAL ENERGY AND ASSOCIATED RESOURCES · Ch. 141. GEOTHERMAL RESOURCES · Art. C. POWERS AND DUTIES OF THE COMMISSIONER AND BOARD

Statute text

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(a)On direction of the commissioner, the board may lease land that belongs to the permanent school fund, excluding wildlife refuges and recreational areas, for the production of geothermal energy and associated resources.
(b)The board has full authority to set the terms and conditions of leases and may adopt rules relating to exploration, development, and production of geothermal energy and associated resources as the board determines to be in the best interest of the state.
(c)The board may require the taking in kind of the state's interest in the geothermal energy and associated resources or its by-products provided from this land.

Legislative history

Acts 1977, 65th Leg., p. 2642, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

Source: Texas Natural Resources Code § 141.073 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.