Texas Comptroller of Public Accounts
| Legal Citations: |
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| Revenue Type: Cash — Natural Resources |
| Origin Date: 1949 by the 51st Leg. for land; 1983 by the 68th Leg. for housing |
| Issue Date: |
| Revised Date: 2018-02-23 |
Purchaser of land sold by Veterans Land Board shall pay interest on balance of the selling price at a fixed, variable, floating or other rate determined by the board. If sale is to a non-veteran the interest rate may be no less than 1% a year greater than the veterans' rate. Interest is paid on housing assistance loans at a rate determined by the board.
Semiannually for a period of 40 years.
One of the Veterans Land or Housing Funds
Codified by S.B. 1207, 65th Leg., R.S.
1.5% interest rate limit repealed by S.B. 316, 69th Leg., R.S.
Amended by S.B. 819, 73rd Leg., R.S.
| Appropriation Year | 26 |
|---|---|
| USAS Title | INTEREST ON VETS LAND/HOUSING CONTRACTS |
| Receipt Category | 08 – Natural Resources |
| Receipt Type | 70 – Interest and Dividends |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 02 – INTEREST AND INVESTMENT INCOME |