Sec. 51.0771. REINSTATEMENT FEE. (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.
Added by Acts 2003, 78th Leg., ch. 280, Sec. 20, eff. June 18, 2003.
Structure Texas Statutes
Subtitle D - Disposition of the Public Domain
Chapter 51 - Land, Timber, and Surface Resources
Subchapter C. Sale of Public School and Asylum Land
Section 51.052. Conditions for Sale of Land
Section 51.054. Reservation of Minerals
Section 51.0551. Lists of Public Land Offered for Sale: Criminal Penalties
Section 51.056. Application or Request to Purchase Land
Section 51.065. Notice and Record of Sale
Section 51.067. Information Required With Payments
Section 51.069. Disposition of Payments on Public School Land
Section 51.070. Unpaid Principal on Public School Land Sales
Section 51.071. Forfeiture of Land
Section 51.072. Effect of Forfeiture
Section 51.073. Classification and Sale of Leased and Forfeited Land
Section 51.074. Reinstatement of Land Purchases
Section 51.075. Forfeiture of a Deceased Purchaser's Land
Section 51.076. Legal Proceedings
Section 51.0771. Reinstatement Fee
Section 51.078. Transfer of Indebtedness
Section 51.079. Transfers Generally
Section 51.080. Personal Transfers
Section 51.081. Transfers Other Than Personal Transfer
Section 51.082. Liability of Vendee
Section 51.083. Patent on Part of a Tract