| Issue Date: | |
|---|---|
| Revised Date: | 2023-12-29 |
Legal Citations
- Natural Resources Code sec. 51.069, sec. 51.121
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
- 305 – General Land Office for the Permanent School Fund Corporation, Agency 706
Deposit Funds
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 |