Texas Comptroller of Public Accounts
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Revenue Object 3325 – Gas Royalties from Lands Owned by Educational Institutions – AM University |
| Legal Citations: |
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| Revenue Type: Cash — Natural Resources |
| Origin Date: 1937 by the 45th Leg. |
| Issue Date: |
| Revised Date: 2018-02-16 |
A royalty from all gas produced on lands under direct control of Texas A&M University at a rate of at least 1/8 of gross production. Shut-in gas royalty charged on wells capable of production where gas is not being produced for lack of suitable production facilities or market, in an amount equal to twice the annual rental provided on the lease but not less than $1,200 a year for each well capable of producing in paying quantities.
On or before the last day of each month on production of preceding month.
Amended by H.B. 1691, 67th Leg., R.S.
| Appropriation Year | 26 |
|---|---|
| USAS Title | GAS ROYAL-LAND EDUCATION INSTS |
| Receipt Category | 08 – Natural Resources |
| Receipt Type | 80 – Land Income |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 04 – LAND INCOME |