Sec. 66.63. CERTAIN BOARD ACTIONS. (a) A majority of the members of the board have the power to act for the board on a matter before the board. Two members of the board have the power to award leases issued on a form of lease previously approved by a majority of the board.
(b) The validity of an action of the board is not affected because it was taken when a ground for removal of a regent member of the board existed. A regent member continues to serve until removed under Section 66.62(g).
Amended by Acts 1997, 75th Leg., ch. 1324, Sec. 1, eff. Jan. 1, 1998.
Structure Texas Statutes
Subtitle C - The University of Texas System
Chapter 66 - Permanent University Fund
Subchapter D. Board for Lease of University Lands
Section 66.62. Board for Lease of University Lands
Section 66.63. Certain Board Actions
Section 66.64. Powers and Duties of the Board
Section 66.65. Board Staff; Exchange of Information With State Agencies
Section 66.68. Marginal Property Royalty Rates
Section 66.71. Lease Provisions
Section 66.72. Cessation of Production; Drilling and Reworking
Section 66.73. Shut-in Royalty
Section 66.74. Lease Extension or Suspension
Section 66.75. Protection From Drainage; Compensatory Royalties
Section 66.76. Assignment; Relinquishment
Section 66.77. Royalty Payments and Reports
Section 66.78. Interest and Penalties
Section 66.79. Payment of Royalty in Kind
Section 66.81. Audit Information Confidential
Section 66.82. Forfeiture; Other Remedies