Tex. Natural Resources Code § 52.154
RATIFICATIONS AND OTHER AGREEMENTS
Texas · Texas Natural Resources Code · Status: effective
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- Citation
- Tex. Natural Resources Code § 52.154, RATIFICATIONS AND OTHER AGREEMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/695220
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Full text
(a) The board may approve, by rule or order, a ratification or other agreement that includes in the benefits of production a mineral or royalty interest in land belonging to the permanent school fund or the asylum funds.
(b) An agreement approved by the board under this section must be executed by the commissioner to be effective.
(c) A ratification or other agreement that commits any of the interests listed in Subsection (a) of this section in land not belonging to the permanent school fund or the asylum funds must be approved by the board, official, agent, agency, or authority of the state that has the authority to lease or to approve the lease of the land for oil and gas and must be executed by the commissioner to be effective.