Sec. 32.1073. FIXING ROYALTY, BONUS, AND RENTAL. In offering land for lease under this subchapter, the board may:
(1) set the royalty and rental and provide for bidding on a basis of the highest cash bonus offered; or
(2) set the cash bonus and rental and provide for bidding on the basis of the highest royalty offered.
Added by Acts 1985, 69th Leg., ch. 624, Sec. 23, eff. Sept. 1, 1985.
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