Established in 1929 by the 41st Legislature, the Board for Lease of University Lands (Board) is responsible for the leasing of Permanent University Fund (PUF) lands for oil and gas exploration and development. The mission of the Board is to maximize the revenue from PUF lands by applying intensive management, accounting, conservation, and environmental programs which improve and sustain the productivity of PUF lands.
The Board is composed of four members. The Commissioner of the Texas General Land Office serves as Chairman of the Board during his/her term in office. Two members of the Board of Regents of The University of Texas System and one member of the Board of Regents of the Texas A&M University System serve two-year terms.
Board meetings are held in Midland, Texas. Board meetings are held twice a year and are open to the public. Meetings are generally held in May and November, and are in conjunction with scheduled lease sales.
Board meeting agendas are posted in the Texas Register and can be accessed via the Texas Secretary of State website. Agenda must be posted seven working days prior to a Board meeting.
To Be Announced
Stephen F. Austin Bldg Room 170
1700 North Congress Avenue
Austin, TX 78701
- George P. Bush, Chairman // January 2015 - Present (Ex officio)
- Charles W. Schwartz
- Brenda Pejovich
- David J. Beck
- Dr. Scott Kelley
- Mark A. Houser