Issue Date:
Revised Date:

Legal Cites

Object Type

Cash — Natural Resources

Origin Date

1895 by the 24th Leg.

Description

The Board of Regents of the University of Texas System has the sole and exclusive management and control of the lands set aside and appropriated to, or acquired by, the permanent university fund. The board may sell, lease and otherwise manage, control and use the lands in any manner and at prices and under terms and conditions the board deems best for the interest of the permanent university fund, not in conflict with the Texas Constitution. However, the land shall not be sold at a price less per acre than that at which the same class of other public land may be sold..

Due Date

At time of sale.

Collecting Agencies

  • Board of Regents for the University of Texas System, Agency 720

Note

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