Texas Statutes (Last Updated: January 4, 2014) |
EDUCATION CODE |
Title 3. HIGHER EDUCATION |
Subtitle D. THE TEXAS A & M UNIVERSITY SYSTEM |
Chapter 85. ADMINISTRATION OF THE TEXAS A & M UNIVERSITY SYSTEM |
Subchapter D. LEASE OF LANDS FOR OIL, GAS, AND OTHER MINERAL DEVELOPMENT |
Sec. 85.62. PRORATION OR REDUCTION OF PRODUCTION
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When, in the discretion of the board, it is for the best interest of the state to prorate or reduce production of any land, the board may execute the necessary contract to carry out that purpose.
Acts 1971, 62nd Leg., p. 3198, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.