Tex. Nat. Res. Code § 51.068 · Subchapter C. SALE OF PUBLIC SCHOOL AND ASYLUM LAND
FUND ACCOUNTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Payments of principal, interest, and lease rental shall be accounted for in a similar form but separate from first payments on land.
(b) The comptroller shall deposit 90 percent of the payments on land received each month to the probable fund to which the payments belong as indicated by the commissioner and shall hold the remaining 10 percent of the payments in the suspense account until the comptroller receives notice from the commissioner indicating the proper fund for the payments. After notice is received, the comptroller shall credit the full amount to the proper fund.
(c) The commissioner and comptroller shall keep an account with each fund according to advices given by them and shall retain the advices as permanent records.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 3 (S.B. 903), Sec. 5, eff. September 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.51.htm
- Text hash
- sha256 2d11abb9810e9f882ce4b32101e12c378bf6e83c223b89b36a3e41d64abb4d49
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.