Texas Water Code 60.035 – Notice of Certain Oil, Gas, and Mineral Leases
(a) Before a district may enter into a lease under § 60.034, the district shall have a notice requesting bids on the lease published in a newspaper of general circulation in the district. The notice shall be published at least once a week for two consecutive weeks before the final date for the receipt of bids. Chapter 71, Natural Resources Code, does not apply to a lease made under this section if the lease is made in accordance with this section and Sections 60.036 and 60.037 of this chapter.
(b) The notice shall include:
(1) the approximate amount of land offered;
(2) the general location of the land;
(3) the time and place for receipt of bids;
(4) the place where specifications may be obtained;
(5) information concerning security for the bids; and
(6) a statement that the commission reserves the right to reject any or all bids.
Terms Used In Texas Water Code 60.035
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Week: means seven consecutive days. See Texas Government Code 311.005