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SB 526, 66th R.S.

Providing that payment of royalties on oil and gas and all related payments, fees, and penalties for the benefit of the Permanent University Fund be made to the Board of Regents of The University of Texas System instead of to the Commissioners of the General Land Office; substituting the Board of Regents of The University of Texas System for the board for lease in certain circumstances; making conforming amendments.

Last action: Effective on . . . . . . . . . .

Author: W.E. "Pete" Snelson
Sponsor: Tom Craddick

Session Law Chapter:
Acts 1979, 66th R.S.,ch. 616, General and Special Laws of Texas

Bill Analyses:
Committee Report (House Study Group)

Subjects:
Education--Higher--Finance
Oil & Gas
PERMANENT UNIVERSITY FUND
ROYALTIES
UNIVERSITY OF TEXAS SYSTEM

House Committee: Natural Resources ()
Minutes: May 9 1979
Senate Committee: Education ()

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