Tex. Educ. Code § 85.58 · Subchapter D. LEASE OF LANDS FOR OIL, GAS, AND OTHER MINERAL DEVELOPMENT
ACCEPTANCE OF BIDS; AWARD OF LEASE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If in the opinion of the board any one of the bidders has offered a reasonable and proper price for any tract and not less than the price fixed by the board, the lands advertised may be leased for oil, gas, sulphur, mineral ore, and other mineral purposes under the provisions of this subchapter and any regulations the board may prescribe which are not inconsistent with the provisions of this subchapter.
(b) On acceptance of a bid, the board shall prepare a lease contract. The bid and a copy of the lease contract shall be filed in the general land office.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 3197, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
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 41fabee6707c03fea2131910eb85b4dd6b4f0b2daab36c6f3e7916bb92c9439b
- 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.