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Texas Natural Resources Code

§ 32.1071 — LEASE SALES

NR § 32.1071Title 2. PUBLIC DOMAIN · Part C. ADMINISTRATION · Ch. 32. SCHOOL LAND BOARD · Art. D. SALE AND LEASE OF LAND

Statute text

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(a)The sale of oil, gas, or other mineral leases shall be by sealed bid or at public auction or through a combination of public auction and sealed bid, as the board elects.
(b)Sections 52.015 through 52.020 of this code apply to the sale of leases by sealed bid.
(c)The leases shall be made on terms and conditions that may be prescribed by the board.

Legislative history

Added by Acts 1985, 69th Leg., ch. 624, Sec. 21, eff. Sept. 1, 1985. Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 10, eff. Sept. 1, 1993.

Source: Texas Natural Resources Code § 32.1071 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.