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Legal Citations
- Education Code sec. 66.41
Object Type
Cash — Natural Resources
Origin Date
1895 by the 24th Leg.
Description
The University of Texas System Board of Regents has sole and exclusive management and control of lands set aside, appropriated to or acquired by the Permanent University Fund. The board may sell, lease and otherwise manage, control and use lands in any manner at prices and under terms/conditions the board deems best for interest of Permanent University Fund, not in conflict with the Constitution. No grazing lease can be made for more than 10 years.
Due Date
As stipulated in the contract.
Collecting Agencies
Deposit Funds
Note
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | GRAZING LEASE RENTAL |
| Receipt Category | 08 – Natural Resources |
| Receipt Type | 80 – Land Income |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 04 – LAND INCOME |