Location Rental Term; Renewal; Auction

Sec. 76.018. LOCATION RENTAL TERM; RENEWAL; AUCTION. (a) The term of a rental lease for a location under this subchapter is 15 years. (b) The commission shall determine renewal procedures to follow at the end of each lease term. The procedures must include: (1) a determination that the lease renewal will be based on considerations specified in the oyster management plan; (2) payment of a $200 fee due on renewal of the lease; (3) a condition that the current leaseholder has the right to renew if the lease is renewed under this chapter; and (4) any other conditions for the lease renewal that do not conflict with this chapter. (c) The commission shall determine auction procedures for the issuance of a lease that is not renewed by the previous leaseholder under Subsection (b). Added by Acts 2001, 77th Leg., ch. 968, Sec. 43, eff. Sept. 1, 2001. Amended by: Acts 2023, 88th Leg., R.S., Ch. 250 (S.B. 1032), Sec. 3, eff. September 1, 2023.