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AN ACT
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relating to the term for a lease of land owned by certain navigation |
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districts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 60.039(a), Water Code, is amended to |
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read as follows: |
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(a) The commission may lease the surface of land for not |
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more than 50 [30] years by the entry of an order on the minutes of |
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the commission and the execution of a lease in the manner provided |
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by the original order. The lease may not be extended beyond the |
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50-year [30-year] period by renewal, extension, or otherwise. |
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SECTION 2. Section 60.040, Water Code, is amended to read as |
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follows: |
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Sec. 60.040. PUBLICATION OF NOTICE FOR SALES AND LEASES IN |
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EXCESS OF 50 [30] YEARS. Before making a sale or lease of land for |
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more than 50 [30] years, the commission shall publish a notice in |
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the manner provided in Section 60.035 [of this subchapter]. |
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SECTION 3. Section 60.041, Water Code, is amended to read as |
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follows: |
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Sec. 60.041. SECURITY FOR BIDS ON LAND TO BE SOLD OR LEASED |
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FOR MORE THAN 50 [30] YEARS. Each bid submitted on land to be sold |
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or leased for more than 50 [30] years shall be accompanied by a |
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certified check, cashier's check, or bidder's bond with a |
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responsible corporate surety authorized to do business in Texas. |
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The check or bond shall be in an amount equal to the bid for the land |
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or for the first rental payment under the lease and shall guarantee |
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that the bidder will perform the terms of the [his] bid if it is |
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accepted by the commission. |
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SECTION 4. The heading to Section 60.042, Water Code, is |
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amended to read as follows: |
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Sec. 60.042. AWARD AND EXECUTION OF DEED OR LEASE IN EXCESS |
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OF 50 [30] YEARS. |
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SECTION 5. The changes in law made by this Act apply only to |
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a lease entered into on or after the effective date of this Act. A |
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lease entered into before the effective date of this Act is governed |
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by the law in effect on the date the lease was entered into, and the |
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former law is continued in effect for that purpose. |
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SECTION 6. This Act takes effect September 1, 2015. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 1716 was passed by the House on April |
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16, 2015, by the following vote: Yeas 146, Nays 0, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 1716 was passed by the Senate on May |
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22, 2015, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |