Texas Natural Resources Code

§ 91.405 — EXEMPTIONS

NR § 91.405Title 3. OIL AND GAS · Part B. CONSERVATION AND REGULATION OF OIL AND GAS · Ch. 91. PROVISIONS GENERALLY APPLICABLE · Art. J. PAYMENT FOR PROCEEDS OF SALE

Statute text

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This subchapter does not apply to any royalties that are payable to:

(1)the board of regents of The University of Texas System under a lease of land dedicated to the permanent university fund; or

(2)the General Land Office as provided by Subchapter D, Chapter 52, of this code.

Legislative history

Added by Acts 1983, 68th Leg., p. 966, ch. 228, Sec. 1, eff. Sept. 1, 1983.