State of Texas – Fiscal Management

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Revenue Object 3342 – Land Lease – Unsold Public School Lands
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Legal Citations:
Revenue Type: Cash — Natural Resources
Origin Date: 1979 by S.B. 737, 66th Leg., R.S.
Issue Date:
Revised Date: 2023-12-29

Description


Unsold public school land may be leased for any purpose the GLO commissioner determines is in the best interest of the state under terms and conditions set by the commissioner.

Additional revenue from commercial leases will be deposited with this revenue code.



Due Date


Annually.



Collecting Agencies




Notes


S.B. 493, 69th Leg., R.S. changed authority from the School Land Board to the GLO commissioner.

Reference to asylum lands deleted by H.B. 2249, 78th Leg., R.S. H.B. 2249 broadened leasing purpose from "agricultural, grazing, or commercial" to "any purpose."

S.B. 206, 78th Leg., R.S. changed deposit from Available School Fund (0002) to the Permanent School Fund (0044).



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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