11.043 – UNIVERSITY FUND. After payment of the amount due
Texas Natural Resources Code § 11.043
Summary
This law outlines the distribution of proceeds from the sale of public land designated for the permanent school fund and university fund. It specifies that after certain payments are made, the remaining land or proceeds will be split equally between the two funds, benefiting education in Texas.
Proceeds from land sales benefit both school and university funds.
Payments must be made to the permanent school fund first.
Total land involved cannot exceed two million acres.
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In simple terms: Learn about Texas's UNIVERSITY FUND. After payment of the amount due law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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