Texas Statutes (Last Updated: January 4, 2014) |
NATURAL RESOURCES CODE |
Title 3. OIL AND GAS |
Subtitle B. CONSERVATION AND REGULATION OF OIL AND GAS |
Chapter 91. PROVISIONS GENERALLY APPLICABLE |
Subchapter J. PAYMENT FOR PROCEEDS OF SALE |
Sec. 91.405. EXEMPTIONS
Latest version.
-
This subchapter does not apply to any royalties that are payable to:
(1) the board of regents of The University of Texas System under a lease of land dedicated to the permanent university fund; or
(2) the General Land Office as provided by Subchapter D, Chapter 52, of this code.
Added by Acts 1983, 68th Leg., p. 966, ch. 228, Sec. 1, eff. Sept. 1, 1983.