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Texas Natural Resources Code

§ 34.057 — LEASE PROVISIONS

NR § 34.057Title 2. PUBLIC DOMAIN · Part C. ADMINISTRATION · Ch. 34. BOARDS FOR LEASE · Art. C. POWERS AND DUTIES

Statute text

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(a)Leases shall be advertised and sold in the same manner and shall contain the same terms and conditions as leases issued by the School Land Board under Chapter 32 of this code.
(b)A board may place any other terms and conditions in the lease it determines to be in the best interest of the state.
(c)The special sales fee provided for in Section 32.110 of this code shall be collected on leases issued under this chapter.
(d)The provisions of Chapter 32 of this code relating to payment of royalty, penalties and interest on delinquent payments, assignments, releases, and forfeiture shall apply to leases issued under this chapter.

Legislative history

Acts 1977, 65th Leg., p. 2396, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1985, 69th Leg., ch. 624, Sec. 29, eff. Sept. 1, 1985.

Source: Texas Natural Resources Code § 34.057 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.