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Enrolled Bill Summary

Enrolled Bill Summary

Legislative Session: 76(R)

SENATE BILL 1731  

SENATE AUTHOR: Brown, J. E. "Buster"

EFFECTIVE: 09-01-99         

HOUSE SPONSOR: Hawley

Senate Bill 1731 amends the Natural Resources Code to remove the two-year limit on the School Land Board's authority to reduce royalty rates on state leases and allow the board to prescribe the duration of the royalty rate reduction.