Sec. 141.073. LEASE OF PERMANENT SCHOOL FUND LAND. (a) On direction of the commissioner, the board may lease land that belongs to the permanent school fund, excluding wildlife refuges and recreational areas, for the production of geothermal energy and associated resources.
(b) The board has full authority to set the terms and conditions of leases and may adopt rules relating to exploration, development, and production of geothermal energy and associated resources as the board determines to be in the best interest of the state.
(c) The board may require the taking in kind of the state's interest in the geothermal energy and associated resources or its by-products provided from this land.
Acts 1977, 65th Leg., p. 2642, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Structure Texas Statutes
Title 5 - Geothermal Energy and Associated Resources
Chapter 141 - Geothermal Resources
Subchapter C. Powers and Duties of the Commissioner and Board
Section 141.071. General Authority of Commissioner
Section 141.072. Deposit of Fees
Section 141.073. Lease of Permanent School Fund Land
Section 141.074. Furnishing Lists of Land to Other Agencies
Section 141.075. Notice of Sale
Section 141.077. Leases and Permits for Governmental Agencies