| Issue Date: | |
|---|---|
| Revised Date: | 2017-12-27 |
Legal Citations
- Natural Resources Code sec. 32.1072, sec. 53.061, sec. 53.065, sec. 53.151, sec. 53.152, sec. 53.155
Object Type
Cash — Natural Resources
Origin Date
1917 by the 35th Leg.
Description
The Board may lease property to any person for the production of any mineral, except oil and gas. Properties authorized for lease are:
- islands, saltwater lakes, bays, inlets, marshes and reefs owned by the State within tidewater limits;
- the portion of the Gulf of Mexico within the jurisdiction of Texas and rivers and channels that belong to Texas and
- unsold surveyed and unsurveyed public school land, all land sold with a reservation of minerals to Texas.
Leases shall be made in the same manner as oil and gas leases. Any mineral, except oil and gas, may be leased together or separately. Rental payment of up to $0.25 per acre. Lease payment of up to $2 per acre plus the amount bid for the lease.
Due Date
Bonus and rental due at time of application for lease; rental due annually before anniversary date until production established.
Collecting Agencies
- 305 – General Land Office for the Permanent School Fund Corporation, Agency 706, Texas Department of Criminal Justice, Agency 696 and the Texas Department of Transportation, Agency 601
Deposit Funds
The fund or account to which the minerals belong.
Note
Amended by S.B. 894, 67th Leg., R.S., August 31, 1981
Amended by H.B. 1964, 68th Leg., R.S.
Amended by S.B. 611, 70th Leg., R.S.
Previously, prison land receipts were deposited to the Department of Corrections Mineral Fund Account (0272) per S.B. 290, 67th Leg., R.S., effective April 30, 1981. The account was abolished August 31, 1995 per § 403.095 Government Code.
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | HARD MINERAL-PROSPECT & LEASE |
| Receipt Category | 08 – Natural Resources |
| Receipt Type | 80 – Land Income |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 04 – LAND INCOME |