| Issue Date: | |
|---|---|
| Revised Date: | 2020-03-26 |
Legal Cites
- Education Code sec. 85.55(c)
Object Type
Cash — Natural Resources
Origin Date
1937 by the 45th Leg.
Description
To record payment of money for delay in drilling or development of lands belonging to the A&M University System. The charge may not be less than $1 per acre involved in the mineral lease.
Due Date
Each year for a period of 5 years unless production is established.
Collecting Agencies
Deposit Funds
- GR Account - 0095 – Texas A&M University Mineral Investment – Local/Inactive
Note
USAS Values
| Appropriation Year | 24 |
|---|---|
| USAS Title | OIL AND GAS LEASE RENTAL |
| Receipt Category | 08 – Natural Resources |
| Receipt Type | 80 – Land Income |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 04 – LAND INCOME |