Tex. Nat. Res. Code § 32.1073

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 32.1073 - Fixing Royalty, Bonus, and Rental

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.

Tex. Nat. Res. Code § 32.1073

Added by Acts 1985, 69th Leg., ch. 624, Sec. 23, eff. 9/1/1985.