State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3342 – Land Lease – Board of Corrections

 

Legal Citations:
Revenue Type: Cash — Natural Resources
Origin Date: 1979 by S.B. 160, 66th Leg.
Issue Date:
Revised Date: 2017-12-27

Description


The Board may lease State-owned land under its management and control at its fair market lease value for an initial period not to exceed 20 years and under such other terms and conditions as the Board deems best for the interest of the Department.



Due Date


As specified by the Board.



Notes


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.

Amended by H.B. 2151, 74th Leg., R.S.



USAS Values


Appropriation Year 26
USAS Title LAND 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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