Tex. Natural Resources Code § 32.1073
This is the official text of Tex. Natural Resources Code § 32.1073, part of Texas’s Natural Resources Code — governs land, minerals, and natural resource management.
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§ 32.1073. FIXING ROYALTY, BONUS, AND RENTAL.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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