Unsold public school land may be leased for agricultural, grazing or commercial purposes under terms and conditions set by the Board. Commercial improvements on such land shall not become the property of the State unless they are not removed prior to expiration of the lease and no renewal or extension of the lease has been made. Then they become property of the state.
 
Additional revenue from commercial leases will be deposited with this revenue code.

Parks and Wildlife will use this code to deposit receipts belonging to the Available School Fund (No. 0002) from the fees charged at Queen Isabelle Pier.

Annually.

Amended by S.B. 493, 69th Leg., R.S. Reference to asylum lands deleted by H.B. 2249, 78th Leg., R.S.