Title 7, AgricultureRelease 119-102
§1037 Sale of Reserved Mineral Interests; Disposition of Proceeds
Title 7 › CHAPTER 33 — FARM TENANCY › SUBCHAPTER IV — GENERAL PROVISIONS › § 1037
Summary
Proceeds from mineral sales under 1033–1039 go into U.S. Treasury. Exception: proceeds from assets transferred to State rehab corporations go to accounts.
Full Legal Text
Title 7, §1037
Agriculture, Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was not enacted as part of the Bankhead-Jones Farm Tenant Act which constitutes a major part of this chapter.
Reference
Citations & Metadata
Citation
7 U.S.C. § 1037
Title 7, Agriculture
Last Updated
Aug 21, 2026
Release point: 119-102