Texas Natural Resources Code 52.015 – Bid to Lease
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(a) To apply to lease a tract, a bidder must submit a separate bid for each separate tract to be leased.
(b) A bid must include a completed application to lease form, a payment to the commissioner in the amount of the actual bonus bid or set, and a separate payment to the commissioner in the amount of the special fee provided by Section 52.016 of this code.
Terms Used In Texas Natural Resources Code 52.015
- 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) A bid must be delivered to the land office on or before the date and time the board advertises that the bids will be opened.