Tex. Educ. Code § 109.158 · Subchapter D. MINERAL DEVELOPMENT IN UNIVERSITY LAND
ACCEPTANCE AND FILING OF BIDS; TERMINATION OF LEASE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the board determines that a satisfactory bid has been received for the oil, gas, sulphur, or other mineral lands, it shall accept the bid and reject all others and shall file the accepted bid in the general land office.
(b) If before the expiration of five years oil, gas, sulphur, or other minerals have not been produced in paying quantities, the lease shall terminate unless extended as provided in Sections 109.160 and 109.161.
Notes and commentary — not statutory text
History
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 1173 (S.B. 907), Sec. 9, eff. June 19, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.109.htm
- Text hash
- sha256 dfaadfad90375bc5c269eebc38640f7403a4617123f5f189d9b4be93b08c8b65
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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