The revenue derived from any sale of timber or minerals from, or rental or lease of, any school lands shall be paid by the Commissioner of Conservation and Natural Resources to the Treasurer to be deposited to the credit of the proper township or townships as provided for by the constitution and laws of Alabama, except that there shall be retained by the Lands Division of the Department of Conservation and Natural Resources a management fee of 10 percent of any and all revenue. An itemized statement of the revenue derived from the sale or lease shall be immediately forwarded by the Commissioner of Conservation and Natural Resources to the State Superintendent of Education, and the statement shall show the items of sale, the amount of revenue derived therefrom, and a description of the land from which the sale or lease was made. The Superintendent of Education, upon receipt of the itemized statement, shall immediately cause a report to be transmitted to the Treasurer showing which township or townships shall receive credit for the revenue and the amount of credit which shall be made thereto.
Structure Code of Alabama
Title 9 - Conservation and Natural Resources.
Article 2 - Administration of School Lands, Swamp and Overflowed Lands, Etc.
Section 9-15-31 - Management and Supervision of School Lands, Swamp and Overflowed Lands, Etc.
Section 9-15-32 - Land Clerk - Qualifications and Appointment.
Section 9-15-33 - Land Clerk - Examination, etc., of Lands.
Section 9-15-36 - Leasing of School Lands.
Section 9-15-38 - Sales of Timber or Minerals From School or Swamp and Overflowed Lands.
Section 9-15-41 - Sales of School Lands - Authorized.
Section 9-15-42 - Sales of School Lands - Issuance of Patents to Purchasers.
Section 9-15-43 - Sales of School Lands - Disposition of Revenues From Sales.
Section 9-15-44 - Exchanges of School Lands.
Section 9-15-45 - Leases, Exchanges or Sales of Swamp and Overflowed Lands.
Section 9-15-46 - Issuance of Patents to Purchasers of Swamp and Overflowed Lands.
Section 9-15-47 - Disposition of Revenue From Sales, etc., of Swamp and Overflowed Lands.
Section 9-15-48 - Claims of Title to Swamp and Overflowed Lands.
Section 9-15-54 - Release of Sand for Use in Beach Project.
Section 9-15-55 - Retention by State of Title to Certain Filled Lands; Rights of Access.
Section 9-15-56 - Application for Beach Project; Issuance of Permit.