Issue Date:
Revised Date: 2023-12-29

Legal Citations

Object Type

Cash — Natural Resources

Origin Date

1979 by S.B. 737, 66th Leg., R.S.

Description

Unsold public school land may be leased for any purpose the GLO commissioner determines is in the best interest of the state under terms and conditions set by the commissioner.

Additional revenue from commercial leases will be deposited with this revenue code.

Due Date

Annually.

Collecting Agencies

Note

S.B. 493, 69th Leg., R.S. changed authority from the School Land Board to the GLO commissioner.

Reference to asylum lands deleted by H.B. 2249, 78th Leg., R.S. H.B. 2249 broadened leasing purpose from "agricultural, grazing, or commercial" to "any purpose."

S.B. 206, 78th Leg., R.S. changed deposit from Available School Fund (0002) to the Permanent School Fund (0044).

USAS Values

Appropriation Year 24
USAS Title LAND LEASE
Receipt Category 08 – Natural Resources
Receipt Type 80 – Land Income
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 04 – LAND INCOME