84R7505 TSR-D
By: Oliveira, Deshotel H.B. No. 1716
A BILL TO BE ENTITLED
AN ACT
relating to the term for a lease of land owned by certain navigation
districts.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 60.039(a), Water Code, is amended to
read as follows:
(a) The commission may lease the surface of land for not
more than 50 [30] years by the entry of an order on the minutes of
the commission and the execution of a lease in the manner provided
by the original order. The lease may not be extended beyond the
50-year [30-year] period by renewal, extension, or otherwise.
SECTION 2. Section 60.040, Water Code, is amended to read as
follows:
Sec. 60.040. PUBLICATION OF NOTICE FOR SALES AND LEASES IN
EXCESS OF 50 [30] YEARS. Before making a sale or lease of land for
more than 50 [30] years, the commission shall publish a notice in
the manner provided in Section 60.035 [of this subchapter].
SECTION 3. Section 60.041, Water Code, is amended to read as
follows:
Sec. 60.041. SECURITY FOR BIDS ON LAND TO BE SOLD OR LEASED
FOR MORE THAN 50 [30] YEARS. Each bid submitted on land to be sold
or leased for more than 50 [30] years shall be accompanied by a
certified check, cashier's check, or bidder's bond with a
responsible corporate surety authorized to do business in Texas.
The check or bond shall be in an amount equal to the bid for the land
or for the first rental payment under the lease and shall guarantee
that the bidder will perform the terms of the [his] bid if it is
accepted by the commission.
SECTION 4. The heading to Section 60.042, Water Code, is
amended to read as follows:
Sec. 60.042. AWARD AND EXECUTION OF DEED OR LEASE IN EXCESS
OF 50 [30] YEARS.
SECTION 5. The changes in law made by this Act apply only to
a lease entered into on or after the effective date of this Act. A
lease entered into before the effective date of this Act is governed
by the law in effect on the date the lease was entered into, and the
former law is continued in effect for that purpose.
SECTION 6. This Act takes effect September 1, 2015.