reglab/housing_qa huggingface dataset:
TX Educ Code § 85.55 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.55. Public Auction; Bids; Acceptance; Rejection; Payments

Sec. 85.55.  PUBLIC AUCTION;  BIDS;  ACCEPTANCE;  REJECTION;  PAYMENTS.  (a)  The board may sell the lease or leases to the highest bidder at public auction, at Texas A & M University, in College Station, at any hour between 10 a.m. and 5 p.m.(b)  The board may reject all bids.  However, the highest bidder shall pay to the board on the day of the sale 25 percent of the bonus bid, and the balance of the bid shall be paid to the board within 24 hours after notification that the bid has been accepted.  Payments shall be in cash, certified check, or cashier's check, as the board may direct.  Failure to pay the balance of the amount bid will forfeit to the board the 25 percent paid.(c)  A separate bid shall be made for each tract or subdivision thereof.  No bids shall be accepted which offer less than the fair market price per ton for the mineral ore or a royalty of less than one-eighth of the gross production of oil, gas, sulphur, and other minerals in the land bid upon, and this minimum royalty may be increased at the discretion of the board.  Every bid shall carry the obligation to pay an amount not less than $1 per acre for delay in drilling or development.  The amount shall be fixed by the board in advance of the advertisement and shall be paid every year for five years unless in the meantime production in paying quantities is had upon the land or the land is re-leased by the lessee.|Acts 1971, 62nd Leg., p. 3197, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 85.56 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.56. Subsequent Procedure if No Bids Accepted

Sec. 85.56.  SUBSEQUENT PROCEDURE IF NO BIDS ACCEPTED.  If no bid is accepted by the board at the public auction, any subsequent procedure for the sale of oil, gas, sulphur, mineral ore, and other mineral leases shall be in the manner prescribed by this subchapter.|Acts 1971, 62nd Leg., p. 3197, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 85.57 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.57. Withdrawal of Land Advertised

Sec. 85.57.  WITHDRAWAL OF LAND ADVERTISED.  The board may withdraw any lands advertised for lease or for the sale of mineral ore in place.|Acts 1971, 62nd Leg., p. 3197, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 85.58 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.58. Acceptance of Bids; Award of Lease

Sec. 85.58.  ACCEPTANCE OF BIDS;  AWARD OF LEASE.  (a)  If in the opinion of the board any one of the bidders has offered a reasonable and proper price for any tract and not less than the price fixed by the board, the lands advertised may be leased for oil, gas, sulphur, mineral ore, and other mineral purposes under the provisions of this subchapter and any regulations the board may prescribe which are not inconsistent with the provisions of this subchapter.(b)  On acceptance of a bid, the board shall prepare a lease contract.  The bid and a copy of the lease contract shall be filed in the general land office.|Acts 1971, 62nd Leg., p. 3197, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 85.59 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.59. Exploratory Term; Extension; Other Provisions of Lease

Sec. 85.59.  EXPLORATORY TERM;  EXTENSION;  OTHER PROVISIONS OF LEASE.  (a)  The exploratory term of the lease as determined by the board prior to the promulgation of the advertisement shall in no case exceed five years, and each lease shall provide that the lease will terminate at the expiration of its exploratory term unless by unanimous vote of members of the board the lease may be extended for a period of three years.  The lease may be extended if the board finds that there is likelihood of oil, gas, sulphur, mineral ore, and other minerals being discovered by lessees, and that the lessees have proceeded with diligence to protect the interest of the state.  However, if oil, gas, sulphur, mineral ore, and other minerals are being produced in paying quantities from the premises, the lease shall continue in force and effect as long as the oil, gas, sulphur, mineral ore, and other minerals are being so produced.  No extension under this subsection may be made by the board until the last 30 days of the original term of the lease.(b)  When, in the discretion of the board, it is deemed for the best interest of the state to extend a lease issued by the board, the board by unanimous vote may extend the lease for a period not to exceed three years, on the condition that the lessee shall continue to pay yearly rental as provided in the lease and any additional terms the board may see fit and proper to demand.  The board may extend the lease and execute an extension agreement.(c)  The lease shall include any additional provisions and regulations the board may prescribe to preserve the interest of the state, not inconsistent with the provisions of this subchapter.|Acts 1971, 62nd Leg., p. 3197, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 85.60 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.60. Discontinuance of Yearly Payments; Termination for Nonproduction

Sec. 85.60.  DISCONTINUANCE OF YEARLY PAYMENTS;  TERMINATION FOR NONPRODUCTION.  When the royalties amount to as much as the yearly payments as fixed by the board, the yearly payments may be discontinued.  If before the expiration of five years oil, gas, sulphur, mineral ore, and other minerals have not been produced in paying quantities, the lease shall terminate unless extended as provided by this subchapter.|Acts 1971, 62nd Leg., p. 3198, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 85.61 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.61. Operations Under Lease: Effect on Rental Payments, Term of Lease

Sec. 85.61.  OPERATIONS UNDER LEASE:  EFFECT ON RENTAL PAYMENTS, TERM OF LEASE.  If, during the term of any lease issued under the provisions of this subchapter, the lessee is engaged in actual drilling and mining operations for the discovery of oil, gas, sulphur, mineral ore, and other minerals on land covered by any such lease, no rentals shall be payable as to the tract on which the operations are being conducted as long as the operations are proceeding in good faith;  and if oil, gas, sulphur, mineral ore, and other minerals are discovered in paying quantities on any tract of land covered by any lease, then the lease as to that tract shall remain in force as long as oil, gas, sulphur, mineral ore, and other minerals are produced in paying quantities from the tract.|Acts 1971, 62nd Leg., p. 3198, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 85.62 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.62. Proration or Reduction of Production

Sec. 85.62.  PRORATION OR REDUCTION OF PRODUCTION.  When, in the discretion of the board, it is for the best interest of the state to prorate or reduce production of any land, the board may execute the necessary contract to carry out that purpose.|Acts 1971, 62nd Leg., p. 3198, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 85.63 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.63. Interference With Surface Uses

Sec. 85.63.  INTERFERENCE WITH SURFACE USES.  No lease for oil, gas, sulphur, mineral ore, and other minerals shall be made by the board which will permit the drilling or mining for oil, gas, sulphur, mineral ore, and other minerals within 300 feet of any building on the land without the consent of the board.  A lease on any experimental station or farm shall provide that the operations for oil, gas, sulphur, mineral ore, and other minerals shall not in any way interfere with use of the land as an experimental station and shall not cause the abandonment of the property or its use for experimental farm purposes;  and the lessee shall drill, mine, and carry on his operations in such a way as not to cause the abandonment of the property for experimental farm purposes, and any such leased property shall be subject to the use by the State of Texas for all experimental purposes and the board shall continue to operate the experimental station.|Acts 1971, 62nd Leg., p. 3198, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 85.64 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.64. Protection From Drainage

Sec. 85.64.  PROTECTION FROM DRAINAGE.  In every case where the area in which oil, gas, sulphur, mineral ore, and other minerals sold shall be contiguous or adjacent to lands which are not lands belonging to and held by the university system, the acceptance of the bid and the sale made thereby shall constitute an obligation on the owner to adequately protect the land leased from drainage from the adjacent lands to the extent that a reasonably prudent operator would do under the same and similar circumstances.  In cases where the area in which the oil, gas, sulphur, mineral ore, and other minerals are sold is contiguous to other lands belonging to and held by the university system which have been leased or sold at a lesser royalty, the owner shall likewise protect the land from drainage from the lands so leased or sold for a lesser royalty.  On failure to protect the land from drainage as herein provided, the sale and all rights thereunder may be forfeited by the board in the manner provided in this subchapter for forfeitures.|Acts 1971, 62nd Leg., p. 3199, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 85.65 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.65. Rights of Purchaser; Assignment; Relinquishment

Sec. 85.65.  RIGHTS OF PURCHASER;  ASSIGNMENT;  RELINQUISHMENT.  (a)  Title to all rights purchased may be held by the owners as long as the area produces oil, gas, sulphur, mineral ore, and other minerals in paying quantities.(b)  All rights purchased may be assigned.  All assignments shall be filed in the general land office as prescribed by rule, accompanied by 10 cents per acre for each acre assigned and the filing fee as prescribed by rule.  An assignment shall not be effective unless filed as required by rule.  An assignment shall not relieve the assignor of any liabilities or obligations incurred prior to the assignment.(c)  All rights to all or any part of a leased tract may be released to the state at any time by recording a release instrument in the county or counties in which the tract is located.  Releases must also be filed with the chairman of the board and the general land office, accompanied by the filing fee prescribed by rule.  A release shall not relieve the owner of any obligations or liabilities incurred prior to the release.(d)  The board shall authorize the laying of pipeline, telephone line, and the opening of roads as deemed reasonably necessary for and incident to the purpose of this subchapter.|Acts 1971, 62nd Leg., p. 3199, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.  Amended by Acts 1987, 70th Leg., ch. 948, Sec. 35, eff. Sept. 1, 1987.|
TX Educ Code § 85.66 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.66. Royalty Payments; Inspection of Records; Report of Land Commissioner

Sec. 85.66.  ROYALTY PAYMENTS;  INSPECTION OF RECORDS;  REPORT OF LAND COMMISSIONER.  (a)  If oil or other minerals are developed on any of the lands leased by the board, the royalty or money as stipulated in the sale shall be paid to the general land office at Austin on or before the last day of each month for the preceding month during the life of the rights purchased, and shall be set aside as specified in Section 85.70.  The royalty or money paid to the general land office shall be accompanied by the sworn statement of the owner, manager, or other authorized agent showing the gross amount of oil, gas, sulphur, mineral ore, and other minerals produced and saved since the last report, the amount of oil, gas, sulphur, mineral ore, and other minerals produced and sold off the premises, and the market value of the oil, gas, sulphur, mineral ore, and other minerals, together with a copy of all daily gauges, or vats, tanks, gas meter readings, pipeline receipts, gas line receipts and other checks and memoranda of the amounts produced and put into pipelines, tanks, vats, or pool and gas lines, gas storage, other places of storage, and other means of transportation.(b)  The books and accounts, receipts and discharges of all wells, tanks, vats, pools, meters, pipelines, and all contracts and other records pertaining to the production, transportation, sale, and marketing of oil, gas, sulphur, mineral ore, and other minerals shall at all times be subject to inspection and examination of any member of the board or any duly authorized representative of the board.(c)  The commissioner of the general land office shall tender to the board on or before the 10th day of each month a report of all receipts that are collected from the lease or sale of oil, gas, sulphur, mineral ore, and other minerals and that are deposited as provided by Section 85.70 during the preceding month.(d)  Each lease shall contain a provision enabling the Board, at its discretion, to require that payment of royalty, as stipulated in the lease, be in kind.  The Board shall have all powers necessary to negotiate and execute sales contracts or any other instruments necessary for the disposition of any royalty taken in kind.  Such other reasonable provisions, not inconsistent with this subchapter, that will facilitate the efficient and equitable payment of royalty in kind may be included in the lease by the Board.|Acts 1971, 62nd Leg., p. 3199, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.  Amended by Acts 1973, 63rd Leg., p. 846, ch. 382, Sec. 1, eff. Aug. 27, 1973;  Acts 1989, 71st Leg., ch. 105, Sec. 8, eff. Sept. 1, 1989.Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 55.01, eff. September 28, 2011.|
TX Educ Code § 85.67 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.67. Forfeiture; Other Remedies; Lien

Sec. 85.67.  FORFEITURE;  OTHER REMEDIES;  LIEN.  (a)  If the owner of the rights acquired under this subchapter fails or refuses to make the payment of any sum due thereon, either as rental, royalty on production, or other payment, within 30 days after same becomes due, or if the owner or his authorized agent makes any false return or false report concerning production, royalty, drilling, or mining, or if the owner fails or refuses to drill any offset well or wells in good faith, as required by his lease, or if the owner or his agent refuses the proper authority access to the records and other data pertaining to the operations under this subchapter, or if the owner or his authorized agent fails or refuses to give correct information to the proper authorities, or fails or refuses to furnish the log of any well within 30 days after production is found in paying quantities, or if any of the material terms of the lease are violated, the lease is subject to forfeiture by the board by an order entered upon the minutes of the board reciting the facts constituting the default and declaring the forfeiture.(b)  The board may have suit instituted for forfeiture through the attorney general.(c)  On proper showing by the forfeiting owner, within 30 days after the declaration of forfeiture, the lease may, at the discretion of the board and on such terms as it may prescribe, be reinstated.(d)  In case of violation by the owner of the lease contract, the remedy of the state by forfeiture is not the exclusive remedy, but suit for damages or specific performance, or both, may be instituted.(e)  The state shall have a first lien upon all oil, gas, sulphur, mineral ore, and other minerals produced upon the leased area and upon all rigs, tanks, vats, pipeline, telephone lines, and machinery and appliances used in the production and handling of oil, gas, sulphur, mineral ore, and other minerals produced thereon, to secure any amount due from the owner of the lease.|Acts 1971, 62nd Leg., p. 3200, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 85.68 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.68. Filing of Records

Sec. 85.68.  FILING OF RECORDS.  All surveys, files, records, copies of sale and lease contracts, and all other records pertaining to the sales and leases hereby authorized, shall be filed in the general land office and constitute archives thereof.|Acts 1971, 62nd Leg., p. 3201, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|
TX Educ Code § 85.69 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.69. Payments; Disposition

Sec. 85.69.  PAYMENTS; DISPOSITION.  Payments under this subchapter shall be made to the commissioner of the general land office at Austin, who shall transmit to the board all royalties, lease fees, rentals for delay in drilling or mining, and all other payments, including all filing assignments and relinquishment fees, to be deposited as provided by Section 85.70.|Acts 1971, 62nd Leg., p. 3201, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.  Amended by Acts 1989, 71st Leg., ch. 105, Sec. 9, eff. Sept. 1, 1989;  Acts 1997, 75th Leg., ch. 1423, Sec. 5.22, eff. Sept. 1, 1997.Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 55.02, eff. September 28, 2011.|
TX Educ Code § 85.70 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.70. Certain Mineral Leases; Disposition of Money; Special Funds; Investment

Sec. 85.70.  CERTAIN MINERAL LEASES; DISPOSITION OF MONEY; SPECIAL FUNDS; INVESTMENT.  (a)  Except as provided by Subsection (c), all money received under and by virtue of this subchapter shall be deposited in a special fund managed by the board to be known as The Texas A&M University System Special Mineral Investment Fund.  Money in the fund is considered to be institutional funds, as defined by Section 51.009, of the system and its component institutions.  The special fund may be invested so as to produce income which may be expended under the direction of the board for the general use of any component of The Texas A&M University System, including erecting permanent improvements and in payment of expenses incurred in connection with the administration of this subchapter.  The unexpended income likewise may be invested as provided by this section.(b)  The income from the investment of the special mineral investment fund created by Subsection (a) shall be deposited in a fund managed by the board to be known as The Texas A&M University System Special Mineral Income Fund, and is considered to be institutional funds, as defined by Section 51.009, of the system and its component institutions.(c)  The board shall lease for oil, gas, sulphur, or other mineral development, as prescribed by this subchapter, all or part of the land under the exclusive control of the board owned by the State of Texas and acquired for the use of Texas A&M University--Kingsville and its divisions.  Any money received by the board concerning such land under this subchapter shall be deposited in a special fund managed by the board to be known as the Texas A&M University--Kingsville special mineral fund.  Money in the fund is considered to be institutional funds, as defined by Section 51.009, of the university and is to be used exclusively for the university and its branches and divisions.(d)  All deposits in and investments of the fund under this section shall be made in accordance with Section 51.0031.(e)  Section 34.017, Natural Resources Code, does not apply to funds created by this section.|Acts 1971, 62nd Leg., p. 3201, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.  Amended by Acts 1989, 71st Leg., ch. 105, Sec. 9, eff. Sept. 1, 1989;  Acts 1997, 75th Leg., ch. 227, Sec. 5, eff. May 23, 1997;  Acts 1997, 75th Leg., ch. 1311, Sec. 3, eff. Sept. 1, 1997.Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 55.03, eff. September 28, 2011.|
TX Educ Code § 85.71 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle D - The Texas a & M University System|Chapter 85 - Administration of the Texas a & M University System|Subchapter D. Lease of Lands for Oil, Gas, and Other Mineral Development|Section 85.71. Forms; Contracts; Regulations

Sec. 85.71.  FORMS;  CONTRACTS;  REGULATIONS.  The board shall adopt forms and contracts and shall promulgate rules and regulations that in its best judgment will protect the income from lands leased under this subchapter.  A majority of the board may act in all cases, except where otherwise provided by this subchapter.|Acts 1971, 62nd Leg., p. 3201, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.|