Section 32.1071 - Lease Sales(a) The sale of oil, gas, or other mineral leases shall be by sealed bid or at public auction or through a combination of public auction and sealed bid, as the board elects.(b) Sections 52.015 through 52.020 of this code apply to the sale of leases by sealed bid.(c) The leases shall be made on terms and conditions that may be prescribed by the board.Tex. Nat. Res. Code § 32.1071
Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 10, eff. 9/1/1993.Added by Acts 1985, 69th Leg., ch. 624, Sec. 21, eff. 9/1/1985.