Texas Education Code

§ 109.167 — FORFEITURE AND OTHER REMEDIES; LIENS

ED § 109.167Title 3. HIGHER EDUCATION · Part F. OTHER COLLEGES AND UNIVERSITIES · Ch. 109. TEXAS TECH UNIVERSITY SYSTEM · Art. D. MINERAL DEVELOPMENT IN UNIVERSITY LAND

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(a)Leases granted under the provisions of this chapter are subject to forfeiture by the board by an order entered in the minutes of the board reciting the acts or omissions constituting a default and declaring a forfeiture.

(b)Any of the following acts or omissions constitutes a default:

(1)the failure or refusal by the lessee of the rights acquired under this chapter to make a payment of a sum due, either as rental or royalty on production, within 30 days after the payment becomes due;

(2)the making of a false return or false report concerning production, royalty, drilling, or mining by the lessee or the lessee's authorized agent;

(3)the failure or refusal of the lessee or the lessee's agent to drill an offset well or wells in good faith, as required by the lease;

(4)the refusal of the lessee or the lessee's agent to allow the proper authorities access to the records and other data pertaining to the operations authorized in this subchapter;

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Legislative history

Acts 2015, 84th Leg., R.S., Ch. 1173 (S.B. 907), Sec. 9, eff. June 19, 2015.