Issue Date:
Revised Date: 2015-08-04

Legal Cites

Object Type

Cash — Natural Resources

Origin Date

1895 by the 24th Leg.

Description

Provisions for the sale of public free school land were first provided for in Article VII Section 4 of the Texas Constitution. The numerous requirements governing the sale of these lands are set out in Natural Resources Code, Ch. 51, Subchapter C.

Due Date

The sale of the land is effective from the date of the receipt and filing of the application affidavit, obligation and the payment of 1/5 of the price offered.

Collecting Agencies

Deposit Funds

Note

References to asylum land deleted by H.B. 2249, 78th Leg., R.S.

Deposit to suspense and probable funds added by SB 903, 84th Leg., R.S.

USAS Values

Appropriation Year 24
USAS Title LAND SALES
Receipt Category 08 – Natural Resources
Receipt Type 80 – Land Income
Object Group 26 – Other Financing Uses/Sources
USAS Status A
Rev/Exp Category 04 – LAND INCOME