State of Texas – Fiscal Management

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Revenue Object 3341 – Grazing Lease Rental – Permanent University Fund

 

Legal Citations:
Revenue Type: Cash — Natural Resources
Origin Date: 1895 by the 24th Leg.
Issue Date:
Revised Date:

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.



Notes




USAS Values


Appropriation Year 26
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



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