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Legal Citations

Origin:

Purpose

Classification  
Depository Interest
Disposition of Balance
Appropriation Technique

Administering Agencies

Financial Activity

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Note

Created in 1979 in Education Code § 109.61(b) to set aside income from lease, rental, royalties and other payments for prospecting, mining or producing oil, gas and minerals on lands belonging to the university.

Exempt from loss of dedication (§ 403.094, Government Code) in 1993 by S.B. 671, 73rd Leg., R.S.

Fund made a local fund by S.B. 1, 82nd Leg., 1st C.S., effective 9-28-11.

USAS Values

USAS Title GR ACCT-TX TECH UNIV SPEC MINERAL
Consolidated Fund 0001
State Fund Group 10 - LOCAL OPERATING
USAS Status I