Sec. 53.154. ROYALTY RATE. The board shall set the royalty rate on production of sulphur, coal, lignite, salt, and potash from land leased under this subchapter. The royalty rate set must be at least one-eighth of the gross production or the market value of the sulphur produced and at least one-sixteenth of the gross production or the market value of the coal, lignite, salt, and potash produced.
Added by Acts 1979, 66th Leg., p. 49, ch. 29, Sec. 1, eff. April 3, 1979. Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 63, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle D - Disposition of the Public Domain
Subchapter E. Lease of Public School and Gulf Land for Coal, Lignite, Sulphur, Salt, and Potash
Section 53.151. Lease of Certain Areas
Section 53.152. Laws Applicable to Leases
Section 53.153. Conditions of Lease
Section 53.155. Compensation for Damages From Use of Surface