Texas Statutes
§ 109.151 — MINERAL LEASES; DISPOSITION OF PROCEEDS.
Texas § 109.151
JurisdictionTexas
Code EDEducation Code
This text of Texas § 109.151 (MINERAL LEASES; DISPOSITION OF PROCEEDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Education Code Code Ann. § 109.151 (2026).
Text
Sec. 109.151. MINERAL LEASES; DISPOSITION OF PROCEEDS.
(a)The board may lease for oil, gas, sulphur, or other mineral development to the highest bidder at public auction all or part of the lands under the exclusive control of the board owned by the State of Texas and acquired for the use of Texas Tech University and its divisions.
(b)Any money received by virtue of this section shall be deposited in a special fund managed by the board to be known as the Texas Tech University special mineral fund. Money in the fund is considered to be institutional funds, as defined by Section 51.009 , of the university and is to be used exclusively for the university. All deposits in and investments of the fund shall be made in accordance with Section 51.0031. Section 34.017 , Natural Resources Code, doe
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Legislative History
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 1173 (S.B. 907 ), Sec. 9, eff. June 19, 2015.
Nearby Sections
15
§ 109.001
TEXAS TECH UNIVERSITY SYSTEM.§ 109.002
BOARD OF REGENTS.§ 109.003
BOARD MEMBERS: TERMS, VACANCIES.§ 109.005
MANDATORY VENUE.§ 109.051
EMINENT DOMAIN.§ 109.053
UTILITIES EASEMENTS.§ 109.054
MANAGEMENT OF LANDS.§ 109.101
TEXAS TECH UNIVERSITY.§ 109.102
DORMITORIES: RULES AND REGULATIONS.§ 109.103
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Bluebook (online)
Texas § 109.151, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ED/109.151.