Texas Natural Resources Code § 32.1073 Fixing Royalty, Bonus, And Rental

Sec. 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.

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

Section: Previous  32.101  32.104  32.105  32.106  32.107  32.1071  32.1072  32.1073  32.109  32.110  32.111  32.112  32.113  32.151  32.152  Next

Last modified: September 28, 2016