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Texas Natural Resources Code

§ 32.206 — RATIFICATIONS AND OTHER AGREEMENTS

NR § 32.206Title 2. PUBLIC DOMAIN · Part C. ADMINISTRATION · Ch. 32. SCHOOL LAND BOARD · Art. F. LEASE OF HIGHWAY LANDS

Statute text

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(a)The board may approve by rule or order a ratification or other agreement that includes in the benefits of production a mineral or royalty interest in land owned by the state that was acquired to construct or maintain a highway, road, street, or alley.
(b)An agreement approved by the board under this section must be executed by the commissioner to be effective.
(c)This section does not apply to an interest subject to pooling or unitization by a lessee under a lease issued under this subchapter.

Legislative history

Added by Acts 1993, 73rd Leg., ch. 897, Sec. 15, eff. Sept. 1, 1993.

Source: Texas Natural Resources Code § 32.206 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.