Tex. Educ. Code § 85.51 · Subchapter D. LEASE OF LANDS FOR OIL, GAS, AND OTHER MINERAL DEVELOPMENT
AUTHORITY TO LEASE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board may lease for oil, gas, sulphur, mineral ore, and other mineral developments all lands and mineral interests under its control, owned or in the future acquired by the state for the use of the university system.
(b) The board shall offer oil and gas leases at public auction, by sealed bid, by negotiated agreement, or through any other means that the board considers to be in the best interest of the university system.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 3196, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971. Amended by Acts 2003, 78th Leg., ch. 1266, Sec. 4.09, eff. June 20, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.85.htm
- Text hash
- sha256 265ff3c29fbe5c8647d37e8403476bf7e19640fe2caa3962eeb2dafd018d72ea
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.