Sec. 52.171. SCHOOL AND ASYLUM LANDS. The state hereby constitutes the owner of the soil its agent for the purposes herein named, and in consideration therefor, relinquishes and vests in the owner of the soil an undivided fifteen-sixteenths of all oil and gas which has been undeveloped and the value of the same that may be upon and within the surveyed and unsurveyed public free school land and asylum lands and portions of such surveys sold with a mineral classification or mineral reservation, subject to the terms of this law. The remaining undivided portion of said oil and gas and its value is hereby reserved for the use of and benefit of the public school fund and the several asylum funds.
Acts 1977, 65th Leg., p. 2457, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Structure Texas Statutes
Subtitle D - Disposition of the Public Domain
Section 52.171. School and Asylum Lands
Section 52.172. Sale and Lease by Agent
Section 52.174. Failure to Drill Offset
Section 52.175. Lease of Oil and Gas After Forfeiture
Section 52.176. Forfeiture of Rights
Section 52.177. Rights of Subsequent Purchaser
Section 52.178. Operation Under Permit
Section 52.179. Lease Under Permit
Section 52.180. Payments Under Permit
Section 52.181. Relinquishment Under Permit
Section 52.182. Damages to Soil
Section 52.183. Effective Date of Lease
Section 52.184. Statement of Consideration
Section 52.185. University Land
Section 52.186. Lease of Certain Minerals When Owner of the Soil Unavailable
Section 52.188. Assignments to the Owner of the Soil