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Texas Water Code - WATER § 60.035. Notice of Certain Oil, Gas, and Mineral Leases

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

(a) Before a district may enter into a lease under Section 60.034, the district shall have a notice requesting bids on the lease published in a newspaper of general circulation in the district. The notice shall be published at least once a week for two consecutive weeks before the final date for the receipt of bids. Chapter 71, Natural Resources Code, does not apply to a lease made under this section if the lease is made in accordance with this section and Sections 60.036 and 60.037 of this chapter.

(b) The notice shall include:

(1) the approximate amount of land offered;

(2) the general location of the land;

(3) the time and place for receipt of bids;

(4) the place where specifications may be obtained;

(5) information concerning security for the bids; and

(6) a statement that the commission reserves the right to reject any or all bids.

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Cite this article: FindLaw.com - Texas Water Code - WATER § 60.035. Notice of Certain Oil, Gas, and Mineral Leases - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-60-035/

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