Texas Comptroller of Public Accounts
| Legal Citations: |
|
| Revenue Type: Cash — Natural Resources |
| Origin Date: 1895 by the 24th Leg. |
| Issue Date: |
| Revised Date: 2015-08-04 |
Provisions for the sale of public free school land were first provided for in Article VII Section 4 of the Texas Constitution. The numerous requirements governing the sale of these lands are set out in Natural Resources Code, Ch. 51, Subchapter C.
The sale of the land is effective from the date of the receipt and filing of the application affidavit, obligation and the payment of 1/5 of the price offered.
90% of the money is deposited to the fund or account most probable to receive the money as determined by GLO. 10% is held in suspense until final determination is made.
References to asylum land deleted by H.B. 2249, 78th Leg., R.S.
Deposit to suspense and probable funds added by SB 903, 84th Leg., R.S.
| Appropriation Year | 26 |
|---|---|
| USAS Title | LAND SALES |
| Receipt Category | 08 – Natural Resources |
| Receipt Type | 80 – Land Income |
| Object Group | 26 – Other Financing Uses/Sources |
| USAS Status | A |
| Rev/Exp Category | 04 – LAND INCOME |