---
kind: "section"
citation: "7 U.S.C. § 1037"
title: "7"
title_heading: "Agriculture"
number: "1037"
heading: "Sale of reserved mineral interests; disposition of proceeds"
release: "119-102"
url: "https://uscodex.org/usc/7/1037"
units:
  - "Chapter 33 — Farm Tenancy"
  - "Subchapter IV — General Provisions"
---

# §1037. Sale of reserved mineral interests; disposition of proceeds


All proceeds from sales made under [sections 1033 to 1039](/usc/7/1033..1039.md) of this title of mineral interests described in [section 1033 of this title](/usc/7/1033.md) shall be covered into the Treasury of the [United States](/usc/7/6402.md?p=8) 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](/usc/7/1359aa.md?p=5) [rural](/usc/7/1991.md?p=a-13-B) rehabilitation [corporations](/usc/7/1502.md?p=b-5) shall be credited to the appropriate [corporation](/usc/7/1502.md?p=b-5) account.


## Source credit

(Sept. 6, 1950, ch. 897, § 5, 64 Stat. 770.)

## Notes

### Editorial Notes

### Codification

Section was not enacted as part of the Bankhead-Jones Farm Tenant Act which constitutes a major part of this chapter.