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Texas Natural Resources Code

§ 51.0771 — REINSTATEMENT FEE

NR § 51.0771Title 2. PUBLIC DOMAIN · Part D. DISPOSITION OF THE PUBLIC DOMAIN · Ch. 51. LAND, TIMBER, AND SURFACE RESOURCES · Art. C. SALE OF PUBLIC SCHOOL AND ASYLUM LAND

Statute text

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(a)A reinstatement fee is due when a forfeited award is reinstated. The reinstatement fee is calculated at one and one-half percent of all amounts delinquent at the time of the reinstatement.
(b)The comptroller must receive the reinstatement fee before the forfeited award is reinstated.
(c)Amounts received in the form of a reinstatement fee are considered proceeds from the sale of permanent school fund land and shall be deposited in the permanent school fund.

Legislative history

Added by Acts 2003, 78th Leg., ch. 280, Sec. 20, eff. June 18, 2003.

Source: Texas Natural Resources Code § 51.0771 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.