Sec. 32.1072.  MINIMUM ROYALTY, BONUS, AND RENTAL.  The board may not accept a bid on an oil and gas lease that offers:
(1)  a royalty of less than one-eighth of the gross production of oil and gas;  or
(2)  a cash bonus of less than $10 an acre.
Added by Acts 1985, 69th Leg., ch. 624, Sec. 22, eff. Sept. 1, 1985.  Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 11, eff. Sept. 1, 1993.