| Issue Date: | |
|---|---|
| Revised Date: | 2018-02-16 |
Legal Cites
- Natural Resources Code sec. 32.1072, sec. 34.018, sec. 34.057, sec. 52.024
Object Type
Cash — Natural Resources
Origin Date
1951 by the 52nd Leg.
Description
A royalty of not less than 1/8 of the gross production of gas from lands owned or held in trust by the Parks and Wildlife Department. Shut-in gas royalty charged on wells capable of production, where oil is not being produced for lack of suitable production facilities or market, in amount equal to twice the annual rental provided on the lease but not less than $1,200 a year for each well capable of producing in paying quantities.
Due Date
On or before the 15th of the second month succeeding the month of production.
Collecting Agencies
- 305 – General Land Office for the Parks and Wildlife Department, Agency 802
Note
Amended by H.B. 1691, 67th Leg., R.S.
USAS Values
| Appropriation Year | 24 |
|---|---|
| USAS Title | GAS ROYAL-PKS & WLDLIFE LANDS |
| Receipt Category | 08 – Natural Resources |
| Receipt Type | 80 – Land Income |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 04 – LAND INCOME |