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Texas Education Code - EDUC § 85.51. Authority to Lease

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The board may lease for oil, gas, sulphur, mineral ore, and other mineral developments all lands and mineral interests under its control, owned or in the future acquired by the state for the use of the university system.

(b) The board shall offer oil and gas leases at public auction, by sealed bid, by negotiated agreement, or through any other means that the board considers to be in the best interest of the university system.

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Cite this article: FindLaw.com - Texas Education Code - EDUC § 85.51. Authority to Lease - last updated January 01, 2024 | https://codes.findlaw.com/tx/education-code/educ-sect-85-51/

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