(a) Sales of leases shall be made by sealed bids.
(b) The board is entitled to reject any and all bids, but if it accepts a bid, the bid must be determined by the board to be in the best interest of the State of Texas.
Tex. Nat. Res. Code § 141.076
BIDS
Known as the Geothermal Resources Act
The act spans §§ 141.001 to 141.102 (22 sections).
Acts 1977, 65th Leg., p. 2642, ch. 871, art
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.