Tex. Nat. Resources Code Section 51.401
Real Estate Special Fund Account

(a)

The board may designate funds or revenue received from any land or real property holdings, and any proceeds received from the sale of any mineral or royalty interest, that is set apart to the permanent school fund under the constitution and laws of this state together with the mineral estate in riverbeds, channels, and the tidelands, including islands, for deposit in the real estate special fund account of the permanent school fund in the State Treasury to be used by the board as provided by this subchapter.

(b)

The real estate special fund account must be an interest-bearing account, and the interest received on the account shall be deposited in the State Treasury to the credit of the real estate special fund account of the permanent school fund.

(c)

Repealed by Acts 2007, 80th Leg., R.S., Ch. 1368, Sec. 10, eff. June 15, 2007.

(d)

Repealed by Acts 2007, 80th Leg., R.S., Ch. 1368, Sec. 10, eff. June 15, 2007.

(e)

Section 403.095 (Use of Dedicated Revenue), Government Code, does not apply to a fund account created under this section.
Added by Acts 1985, 69th Leg., ch. 624, Sec. 40. Amended by Acts 1993, 73rd Leg., ch. 991, Sec. 18, eff. Sept. 1, 1993; Acts 2001, 77th Leg., ch. 900, Sec. 1, eff. Sept. 1, 2001; Acts 2003, 78th Leg., ch. 328, Sec. 6, eff. Jan. 1, 2004.
Amended by:
Acts 2005, 79th Leg., Ch. 1098 (H.B. 2217), Sec. 7, eff. June 18, 2005.
Acts 2007, 80th Leg., R.S., Ch. 1368 (H.B. 3699), Sec. 3, eff. June 15, 2007.
Acts 2007, 80th Leg., R.S., Ch. 1368 (H.B. 3699), Sec. 4, eff. June 15, 2007.
Acts 2007, 80th Leg., R.S., Ch. 1368 (H.B. 3699), Sec. 10, eff. June 15, 2007.
Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 2.04, eff. December 31, 2022.

Source: Section 51.401 — Real Estate Special Fund Account, https://statutes.­capitol.­texas.­gov/Docs/NR/htm/NR.­51.­htm#51.­401 (accessed Jun. 5, 2024).

51.001
Definitions 51.011
Management of Public School Land 51.012
Commissioner’s Authority 51.013
Classification of Land 51.014
Rules 51.015
Forms 51.016
Duties of the Attorney General 51.017
Furnishing Data to Texas Permanent School Fund Corporation 51.018
Records and Accounts 51.019
Special Fee 51.020
Refunds 51.051
Sale of Land 51.052
Conditions for Sale of Land 51.054
Reservation of Minerals 51.056
Application or Request to Purchase Land 51.065
Notice and Record of Sale 51.066
Land Award 51.067
Information Required with Payments 51.068
Fund Accounts 51.069
Disposition of Payments on Public School Land 51.070
Unpaid Principal on Public School Land Sales 51.071
Forfeiture of Land 51.072
Effect of Forfeiture 51.073
Classification and Sale of Leased and Forfeited Land 51.074
Reinstatement of Land Purchases 51.075
Forfeiture of a Deceased Purchaser’s Land 51.076
Legal Proceedings 51.077
Lien 51.078
Transfer of Indebtedness 51.079
Transfers Generally 51.080
Personal Transfers 51.081
Transfers Other than Personal Transfer 51.082
Liability of Vendee 51.083
Patent on Part of a Tract 51.085
Time for Purchase of Land 51.086
Sale of Escheated Permanent School Land 51.121
Lease of Unsold Land 51.122
Advertisement of Leases 51.123
Lease Application 51.124
Award of Lease 51.0125
Land Used by State Agency 51.125
Rejection of Bid or Offer to Lease 51.126
Notification of Acceptance and Execution of Lease 51.127
Recording Memorandum of Lease 51.129
Lien 51.131
Soil and Water Conservation Plans 51.171
Purpose 51.172
Definitions 51.173
Disposition of Vacant Land 51.174
General Powers and Duties of Commissioner 51.175
General Powers and Duties of Board 51.176
Vacancy Application 51.177
Processing Vacancy Application 51.178
Deposit 51.179
Disposition of Deposits 51.180
Attorney Ad Litem 51.181
Notice to Necessary Parties 51.182
Filing of Exceptions to Application 51.183
Investigation 51.184
Commissioner’s Survey 51.185
Surveyor’s Report 51.186
Completion of Survey 51.187
Hearing 51.188
Commissioner’s Final Order 51.189
Appeal 51.190
Scope of Review 51.191
Issues Reviewable 51.192
Standing to Appeal 51.193
Application for and Determination of Good-faith-claimant Status 51.194
Preferential Right of Good-faith Claimant 51.195
Purchase or Lease by Applicant 51.241
Issuance of Patent 51.242
Patent Fees 51.243
Requisites of a Patent 51.244
Delivery of Patent 51.245
Deceased Patentee 51.246
Acquisition of Deed of Acquittance to Excess Acreage 51.247
Patents for Land that Cannot Be Patented by Other Methods 51.248
Doubtful Claim 51.249
Conflicting Surveys 51.250
Conflicting Title 51.251
Partial Conflict of Title 51.252
Refund of Purchase Money 51.253
Corrected Patent 51.291
Grants of Easements 51.292
Easements and Leases for Certain Facilities 51.295
Conditions for Easement 51.296
Term of Easements 51.297
Recording Easements 51.299
Fees for Certain Facilities 51.300
Disposition of Income 51.301
Interest on Past-due Payments 51.302
Prohibition and Penalty 51.303
Venue 51.304
Easements for Soil Conservation and Flood Prevention 51.305
Terms and Form of Grant 51.306
Consideration 51.307
Reservation of Mineral Rights 51.341
Definition 51.342
Sale or Lease of Timber 51.343
Rules 51.344
Application to Purchase Timber 51.345
Ingress and Egress from Land 51.346
Reversion of Title to Timber 51.347
Sale of Gayule and Lechuguilla 51.348
Conditions of Sale 51.349
Contracts 51.401
Real Estate Special Fund Account 51.402
Use of Designated Funds 51.404
Title Security 51.405
Contracts for Purchase 51.406
Dedication to Permanent School Fund 51.407
Rules 51.408
Ethics Policy and Training 51.409
Disclosure of Conflicts of Interest and Finances 51.410
Reports of Expenditures 51.411
Forms 51.412
Report on Use of Certain Money 51.413
Transfers from the Real Estate Special Fund Account to the Available School Fund and the Permanent School Fund 51.501
Application for Grant 51.502
Source of Grant Money 51.503
Appraisal Required 51.504
Evidence of Expenditure Required 51.505
Improvements: Real Property of Permanent School Fund 51.506
Maintenance 51.507
Rules 51.0551
Lists of Public Land Offered for Sale: Criminal Penalties 51.0771
Reinstatement Fee 51.2995
Waiver or Reduction of Easement Fees in Certain Circumstances 51.3021
Removal of Facility or Structure by Commissioner 51.4021
Appointment of Investment Consultants or Advisors
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 51.401’s source at texas​.gov