Issue Date:
Revised Date: 2020-03-26

Legal Citations

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

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