Texas Government Code 2165.156 – Deposit of Lease Proceeds
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Terms Used In Texas Government Code 2165.156
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Money received from a lease under this subchapter, minus the amount spent for advertising and leasing expenses, shall be deposited:
(1) in the state treasury to the credit of the general revenue fund; or
(2) if the land leased belongs to an eleemosynary institution for which there is an appropriate special fund, to the credit of the institution in the appropriate special fund.