Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 5103 revises Texas property law regarding unclaimed mineral proceeds. It expands the legal definition of minerals to include lithium, salt, bromine, and other substances. It also clarifies that mineral proceeds include payments related to the acquisition and retention of mineral leases, such as bonuses, delay rentals, shut-in royalties, and minimum royalties. These changes impact how unclaimed mineral property is handled under state law.
Author
Jon Rosenthal
Contact the Author
Rep. Jon Rosenthal
Capitol Phone:
(512) 463-0722
Capitol Office:
EXT E2.308
E-Mail:
