(a) The term of a rental lease for a location under this subchapter is 15 years.
(b) The commission shall determine renewal procedures to follow at the end of each lease term. The procedures must include:
(1) a determination that the lease renewal will be based on considerations specified in the oyster management plan;
(2) payment of a $200 fee due on renewal of the lease;
(3) a condition that the current leaseholder has the right to renew if the lease is renewed under this chapter; and
(4) any other conditions for the lease renewal that do not conflict with this chapter.

Terms Used In Texas Parks and Wildlife Code 76.018

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

(c) The commission shall determine auction procedures for the issuance of a lease that is not renewed by the previous leaseholder under Subsection (b).

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