BILL ANALYSIS S.B. 1038 By: Leedom (Mowery) May 4, 1995 Committee Report (Unamended) BACKGROUND Chapters 51 and 53 of the Natural Resources Code provide for the administration and management of permanent school fund lands by the General Land Office. Specific terms and requirements of these laws must be updated periodically and new provisions added to keep the permanent school fund ("PSF") in conformity with other current law and business practices. PURPOSE As proposed, S.B. 1038 permits, rather than requires, the commissioner of the GLO to issue permits to prospectors to search for minerals on public school land, amends the calculation of delinquent interest on sales of public school land, gives the school land board more flexibility in the mineral reservation required for the sale of permanent school fund lands, and amends the delivery of patents. RULEMAKING AUTHORITY It is the committee's opinion that rulemaking authority is granted to the school land board under SECTION 1 (Section 51.070(a), Natural Resources Code) of this bill. SECTION BY SECTION ANALYSIS SECTION 1 Amends Section 51.070(a), Natural Resources Code, to allow the School Land Board to set terms and times for the payment of interest on unpaid and delinquent interest payments for sales of PSF land. The interest could be amortized and paid monthly if so determined by the SLB. SECTION 2 Amends Section 51.244(a), (b), and (c), Natural Resources Code, to provide for the mailing of patents for recording and to the patentee by certified mail instead of registered mail. SECTION 3 Amends Section 51.054(a), Natural Resources Code with regard to the nature and extent of the mineral reservation required in sales of PSF lands. It allows the SLB to waive such mineral rights, to designate specific drilling or exploration sites, provide for horizontal exploration only, or to sell the land with no mineral reservation when it determines that the development of rights by the mineral lessees would substantially reduce the value of the surface estate for its normal and intended use. SECTION 4 Amends Section 53.013(a), Natural Resources Code, to make the issuance of a prospecting permit by the Commissioner on state or PSF land under Sections 53.11 and 53.12 permissive rather than mandatory. It would allow the Commissioner to consider the higher and best use of the subject land and best interests of the PSF and the state before issuing the permit. The permit, if issued, would be effective for a period of up to one year. The permit would not be issued until after the land office receives the rental payment set by the commissioner. SECTION 5. Emergency clause. Effective upon passage. SUMMARY OF COMMITTEE ACTION S.B. 1038 was considered by the committee in a public hearing on May 2, 1995. The following person testified neutrally on the bill: Spencer Reid, representing the Texas General Land Office. The bill was reported favorably without amendment, with the recommendation that it do pass and be printed and be sent to the Committee on Local and Consent Calendars, by a record vote of 7 ayes, 0 nays, 0 pnv, 2 absent.