| Issue Date: | |
|---|---|
| Revised Date: | 2015-08-04 |
Legal Citations
- Natural Resources Code sec. 51.051, sec. 51.052, sec. 51.054, sec. 51.068, sec. 51.069, sec. 51.070, sec. 51.0771
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
90% of the money is deposited to the fund or account most probable to receive the money as determined by GLO. 10% is held in suspense until final determination is made.
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 | 25 |
|---|---|
| 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 |