Sec. 109.156. REJECTION OF BIDS; WITHDRAWAL OF LAND. The board may reject any and all bids and may withdraw any land advertised for lease.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 1173 (S.B. 907), Sec. 9, eff. June 19, 2015.
Structure Texas Statutes
Subtitle F - Other Colleges and Universities
Chapter 109 - Texas Tech University System
Subchapter D. Mineral Development in University Land
Section 109.151. Mineral Leases; Disposition of Proceeds
Section 109.152. Majority of Board to Act
Section 109.153. Subdivision of Land; Titles
Section 109.154. Sale of Leases; Advertisements; Payments
Section 109.155. Separate Bids; Minimum Royalty; Delay Rental
Section 109.156. Rejection of Bids; Withdrawal of Land
Section 109.157. Acceptance; Conditions and Provisions of Lease
Section 109.158. Acceptance and Filing of Bids; Termination of Lease
Section 109.159. Award and Filing of Lease
Section 109.160. Exploratory Term of Lease; Extension; Other Provisions
Section 109.161. Extension of Leases
Section 109.162. Control of Drilling and Production
Section 109.164. Title to Rights Purchased; Assignment; Relinquishment
Section 109.165. Payment of Royalties; Records; Report of Receipts
Section 109.166. Protection From Drainage; Forfeiture of Rights
Section 109.167. Forfeiture and Other Remedies; Liens
Section 109.168. Filing of Documents and Payment of Royalties, Fees, and Rentals