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Texas Natural Resources Code

§ 161.072 — LEASE BY BOARD

NR § 161.072Title 7. RESOURCES PROGRAMS · Ch. 161. VETERANS LAND BOARD · Art. C. POWERS AND DUTIES

Statute text

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(a)The board may lease any property that it owns on terms it considers proper.
(b)A lease for agricultural and grazing purposes is subject to cancellation on the sale of the property to a veteran.
(c)The board may execute oil, gas, and mineral leases on land purchased by it before it sells the land by following the same procedure provided for the school land board in the lease of public school land.

Legislative history

Acts 1977, 65th Leg., p. 2658, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

Source: Texas Natural Resources Code § 161.072 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.