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Texas Natural Resources Code

§ 71.010 — LEASE TERM

NR § 71.010Title 2. PUBLIC DOMAIN · Part F. LAND OF POLITICAL SUBDIVISIONS · Ch. 71. LEASE FOR MINERAL DEVELOPMENT · Art. A. LEASES BY POLITICAL SUBDIVISIONS

Statute text

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(a)No primary term of a lease other than a lease for coal and lignite made under this subchapter may be for a period of more than 10 years from the date of the execution and approval of the lease.
(b)No primary term for a coal and lignite lease made under this subchapter may be for a period of more than 35 years from the date of execution.

Legislative history

Acts 1977, 65th Leg., p. 2505, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

Source: Texas Natural Resources Code § 71.010 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.