Hon. T. R. Johnston Opinion No. O-5973
County Attorney Rer Whether bonus and rental from oil
Reagan County and gas leases on county school lands
Big Lake, Texas belong to permanent or available school
fund.
Dear Sir:
We acknowledgereceipt of your letter submittingthe
following statement and asking the following question:
"STATEMENT- Reagan County has leased.708.48 acres
of land belonging to the Permanent School Fund of the
County for oil ana gas for a considerationof $2,167.95
bonus and $1.00 per year delay rentals.
"QUESTION - Does the bonus from an oil and gas
lease on land belonging to the Permanent School Fund
belong in the permanent or available school fund? Does
the delay rentals under a lease of land belonging to the
Permanent School Fund of a County go to the permanent or
available school fund?1'
Our answer is that both the bonus and.rentals from the
oil and gas lease on County school land must be deposited in the
Permanent School Fund.
For a further discussion of the question and citation
of authorities,see our Opinion NO. O-4933, approved November 7,
1942, copy of which is attached.
Yours very truly
APPROVED APB 24, 1944 ATTORNEY GENERAL OF TEXAS
/s/ Geo. P. Blackburn
(Acting) ATTORNEY GENERAL By /s/ Fagan Dickson
OF TEXAS Fagan Dickson, Assistant
APPROVED:;X&NICNCK&TT~
BY: ,
FDrBT:wb .
Untitled Texas Attorney General Opinion
Combined Opinion