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Legal Citations
- Education Code sec. 65.39, sec. 66.41
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
Deposit Funds
Note
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 |