{"data":{"id":"us-tx/tex.-natural-resources-code-32.1072","jurisdiction":"us-tx","citation":"Tex. Natural Resources Code § 32.1072","heading":"MINIMUM ROYALTY, BONUS, AND RENTAL.","body":"The board may not accept a bid on an oil and gas lease that offers:\n(1) a royalty of less than one-eighth of the gross production of oil and gas; or\n(2) a cash bonus of less than $10 an acre.\nAdded by Acts 1985, 69th Leg., ch. 624, Sec. 22, eff. Sept. 1, 1985. Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 11, eff. Sept. 1, 1993.","path":["NATURAL RESOURCES CODE","TITLE 2. PUBLIC DOMAIN","SUBTITLE C. ADMINISTRATION","CHAPTER 32. SCHOOL LAND BOARD","SUBCHAPTER D. SALE AND LEASE OF LAND"],"source_url":"https://statutes.capitol.texas.gov/Docs/NR/htm/NR.32.htm#32.1072","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:28Z","sha256":"afa3a39f2429c18e2778a8713b3f12a9bb42eafa0c6c758ff619224d1713d9f5","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-natural-resources-code-32.1071","next":"us-tx/tex.-natural-resources-code-32.1073"},"notice":"GroundRules: Original legal text. Not legal advice."}