The Texas Constitution of 1876 set aside half of Texas’ remaining public lands to establish a Permanent School Fund (PSF), to help finance public schools.
Legislators intended for this land to be sold and the proceeds be deposited into the PSF. Deposits to the PSF would be an inexhaustible source of revenue because only interest income from the fund could be spent and would be apportioned among the state's public schools.
The Texas General Land Office manages state lands and mineral rights totaling 13 million acres. This includes vast properties in West Texas, Gulf Coast beaches and bays and all “submerged” lands 10.35 miles out into the Gulf of Mexico, as well as a variety of state agency acreage and timberlands in East Texas.
A primary responsibility of the Land Office is to lease these lands for the benefit of the Permanent School Fund, an endowment fund established in 1876 for the benefit of Texas public school education.
Leasing TexasLeases are available for a variety of purposes, including oil and gas production, solar, wind and geothermal power, agricultural related activities, and commercial development.
Surveying the Land
Since the beginning of the Land Office, surveying has been a vital part of what we do. Accurately measuring over 200,000 miles of boundaries takes a lot of work.
Common Sense Conservation
The GLO is committed to conserving and protecting State natural resources by monitoring the use of leased PSF land and allowing only recognized prudent practices to occur on those lands.
Instructions for purchasing State Owned Land
State Real Properties are properties owned by other state agencies. If the Governor determines a state property to be underutilized, the Texas General Land Office may then be called upon to sell that property. Typically, these properties must be sold in a public forum such as an auction, sealed bid sale or through a real estate agent. Direct sales may occur once the property has been offered to the general public. The properties listed on the Land Office website are available for direct purchase. All properties are sold differently and reviewed on a case-by-case basis.
Purchasing Instructions-Internal RE Portfolio
The internal real estate portfolio consists of mainly commercial real estate investments; however, it may have some additional miscellaneous real estate assets as well. Since the acquisition process for this portfolio contains numerous methods of marketing, their are no set procedures for the acquisition process. Asset management will sale direct, thru brokers, or auctions. Certain real estate assets are listed for sale by brokers or marketed internally by staff. There are certain assets that are not available for sale for various reasons. The most appropriate avenue for acquisitions of an internal portfolio real estate asset is to look on the Texas General Land Office web site and identify an asset that you are interested in and contact the associated marketing person. The marketing person or asset manager will explain the acquisition procedures for that particular asset.