Texas Natural Resources Code 52.072 – State Policy
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(a) With regard to leases and contracts for the development of riverbeds and channels, it is the policy of the state that activities of the state and all lessees and contracting parties or their heirs, successors, or assigns under a lease or contract shall comply with laws of the state and rules and orders of any state agency that are applicable to development of oil and gas bearing land in the state by persons other than the state.
(b) Each lease and contract issued under the provisions of this subchapter is subject to the provisions of Subsection (a) of this section.
Terms Used In Texas Natural Resources Code 52.072
- 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