State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3330 – Hard Mineral – Prospect and Lease – Coal, Lignite, Sulphur, Potash, Salt, Etc.
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Legal Citations:
Revenue Type: Cash — Natural Resources
Origin Date: 1917 by the 35th Leg.
Issue Date:
Revised Date: 2017-12-27

Description


The Board may lease property to any person for the production of any mineral, except oil and gas. Properties authorized for lease are:

  1. islands, saltwater lakes, bays, inlets, marshes and reefs owned by the State within tidewater limits;
  2. the portion of the Gulf of Mexico within the jurisdiction of Texas and rivers and channels that belong to Texas and
  3. 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.



Notes


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 26
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



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