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Texas Natural Resources Code

§ 32.1073 — FIXING ROYALTY, BONUS, AND RENTAL

NR § 32.1073Title 2. PUBLIC DOMAIN · Part C. ADMINISTRATION · Ch. 32. SCHOOL LAND BOARD · Art. D. SALE AND LEASE OF LAND

Statute text

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In offering land for lease under this subchapter, the board may:
(1)set the royalty and rental and provide for bidding on a basis of the highest cash bonus offered; or
(2)set the cash bonus and rental and provide for bidding on the basis of the highest royalty offered.

Legislative history

Added by Acts 1985, 69th Leg., ch. 624, Sec. 23, eff. Sept. 1, 1985.

Source: Texas Natural Resources Code § 32.1073 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.