Sale of reserved mineral interests; disposition of proceeds
About This Law
/us/usc/t7/s1037
Title
7 — Agriculture
Chapter
CH33
Release
119-84
Release Date
2026-04-17
Section Text
Highlight any text to annotate
All proceeds from sales made under sections 1033 to 1039 of this title of mineral interests described in section 1033 of this title shall be covered into the Treasury of the United States as miscellaneous receipts, except that the proceeds from sales of mineral interests which were a part of or derived from the assets transferred pursuant to the transfer agreements with State rural rehabilitation corporations shall be credited to the appropriate corporation account.
(Sept. 6, 1950, ch. 897, § 5, 64 Stat. 770.)
Editorial Notes
Codification
Section was not enacted as part of the Bankhead-Jones Farm Tenant Act which constitutes a major part of this chapter.
Take Action
Your position
Add a comment
to comment on this section.
Annotate the text
Highlight any passage on the Full Text tab to attach a note. Annotations appear on the Annotations tab.