Tex. Water Code § 60.036
This is the official text of Tex. Water Code § 60.036, part of Texas’s Water Code — governs water rights and water resource management.
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§ 60.036. SECURITY FOR BID ON OIL, GAS, OR MINERAL LEASES.
Official statutory text
Each bid submitted shall be accompanied by a certified check, cashier's check, or bidder's bond with a responsible corporate surety authorized to do business in Texas. The check or bond shall be in an amount equal to the first rental payment and bonus offered for the lease over and above the royalty and shall guarantee that the bidder will perform the terms of his bid if it is accepted by the commission.
Status: in_force · Read it on the official government site
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