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SB 818, 63rd R.S.

Amending Section 66.68, Subchapter D, Texas Education Code, by adding a new Subsection (g) requiring a provision in oil and gas leases covering university lands that allows the Board for Lease of University Lands at its discretion to take royalty payments in kind and giving the board powers necessary for disposition of such payments in kind; providing for severability; repealing all laws in conflict herewith to the extent of such conflict only; preserving certain rights of the state under existing or future leases; and declaring an emergency.

Last action: Effective immediately

Author: W.E. "Pete" Snelson
Sponsor: Tom Massey

Session Law Chapter:
Acts 1973, 63rd R.S.,ch. 265, General and Special Laws of Texas

Subjects:
Education--Higher--General
LEASE OF UNIVERSITY LANDS, BOARD FOR
Oil & Gas
ROYALTIES

House Committee: Natural Resources ()
Minutes: May 2 1973 | May 9 1973 | May 16 1973
Senate Committee: Natural Resources ()
Minutes: March 28 1973 | April 18 1973

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