Texas Natural Resources Code 53.061 – Authority to Lease Certain Minerals
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(a) The state constitutes the owner of the surface its agent to lease to any person any mineral, except oil and gas, which may be within all or part of a survey previously sold with all minerals reserved to the state.
(b) The lease shall be made on terms and conditions that may be prescribed by the school land board.
Terms Used In Texas Natural Resources Code 53.061
- 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
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005