By Saunders H.B. No. 2577
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the royalty payment for minerals on state property.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Chapter 53, Natural Resources Code, is amended by
1-5 amending Subchapter E, Section 53.154 to read as follows:
1-6 (a) In addition to the cash amount bid for a lease, the
1-7 board shall lease the area for not less than one-eighth of the
1-8 gross production of sulphur or the value of the sulphur that may be
1-9 produced or that may be produced and sold off the area and not less
1-10 than one-sixteenth, or a negotiated amount determined to be
1-11 reasonable by the board, of the value of the coal, lignite, salt,
1-12 and potash that may be produced plus an amount determined by the
1-13 board until production is secured.
1-14 (b) If production is secured in commercial quantities and
1-15 the payment of royalty begins and continues to be paid, the lessee
1-16 is exempt from further delay rental payments on the acreage.
1-17 (c) If production ceases and royalty is not paid, the lessee
1-18 shall pay at the end of the lease year in which the royalty ceased
1-19 to be paid annually after that time in advance, in an amount
1-20 determined by the board as long as the lessee desired to maintain
1-21 the rights acquired under the lease, but not for more than <five>
1-22 twenty-five years from the date of the lease.
1-23 SECTION 2. The importance of this legislation and the
2-1 crowded condition of the calendars in both houses create an
2-2 emergency and an imperative public necessity that the
2-3 constitutional rule requiring bills to be read on three several
2-4 days in each house be suspended, and this rule is hereby suspended,
2-5 and that this Act take effect and be in force from and after its
2-6 passage, and it is so enacted.