
Revenue Object 3302 – Land Office Administrative Fees – Special Sale |
| Legal Citations: |
|
| Revenue Type: Cash — Natural Resources |
| Origin Date: 1955 by the 54th Leg. |
| Issue Date: |
| Revised Date: 2017-12-27 |
State lands: Fee charged on all mineral leases and land sales. Each bidder submits special sale fee, but only fee submitted by the highest bidder is retained by the State. Fee is 1.5% of each bid.
Permanent School Fund lands: Each bid on land sales and mineral leases for sale is subject to the payment of a special fee equal to 1 1/2% of the bid or sale amount.
Permanent University Fund lands: Each bid on an oil and gas lease offered for sale is also subject to the payment of a special fee equal to 1% of the total bonus whether stipulated or bid.
Riverbeds and channels: Each bid on land sales is subject to the payment of a special fee equal to 1 1/2% of the bid or sale amount.
At time the bid is submitted.
Local Funds (Permanent University Fund lands)
Permanent school land fees amended by S.B. 739, 68th Leg., R.S.
State land fees amended by S.B. 288, 68th Leg., R.S.
State land fees amended by S.B. 493, 69th Leg., R.S.
Amended by S.B. 962, 73rd Leg., R.S.
Previously deposited to the Land Office Sale Fee Fund Account (0065), abolished August 31, 1995 per §403.094, Government Code.
As of 9/17/09, fees relative to Permanent University Fund land are retained by University of Texas System in local funds.
As of 6/7/11, General Land Office, General Counsel legal opinion found fees and revenues from sale of Permanent School Fund land and mineral leases should be deposited to the Permanent School Fund (0044).
| Appropriation Year | 24 |
|---|---|
| USAS Title | LAND OFFICE ADMINISTRATIVE FEES |
| Receipt Category | 08 – Natural Resources |
| Receipt Type | 30 – State Service Fees |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 01 – LICENSES, FEES, FINES, AND PENALTIES |