(a) The board shall adopt rules of procedure and rules for the sale, lease, and commitment to a contract for development of land as provided by this chapter.
(b) The board by rule shall adopt and shall collect reasonable fees necessary to carry out this chapter.

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Terms Used In Texas Natural Resources Code 32.062

  • Contract: A legal written agreement that becomes binding when signed.
  • 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
  • Rule: includes regulation. See Texas Government Code 311.005