SECTION 201.2. Lease Sale

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(a) A Board for Lease (Board) may schedule a lease sale at any time. Leases of land owned by the Texas Parks and Wildlife Department or the Texas Department of Corrections shall be advertised and sold in the same manner as leases issued by the School Land Board (SLB) under Texas Natural Resources Code, Chapter 32. The procedures, fees, and cost sharing set out in Chapter 151 of this title (relating to Operations of the School Land Board) shall also apply to the Board's lease sales.
(b) The lease shall contain the same terms and conditions as leases issued by the SLB under Texas Natural Resources Code, Chapter 32 and Chapter 151. However, a Board may place any other terms and conditions in the lease it determines to be in the best interest of the state.

Source Note: The provisions of this §201.2 adopted to be effective November 8, 1998, 23 TexReg 11161.

                    
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