Tex. Occupations Code § 2028.2041
ALLOCATION OF CERTAIN FUNDS
Texas · Texas Occupations Code · Status: effective
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- Citation
- Tex. Occupations Code § 2028.2041, ALLOCATION OF CERTAIN FUNDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/704308
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Full text
(a) In each state fiscal biennium, the comptroller shall deposit the amounts allocated under Section 151.801(c-3), Tax Code, into the escrow account established under Section 2028.204(b), until the comptroller determines the amount deposited into the account in that fiscal biennium equals the greater of:
(1) the amount appropriated to the commission for the purposes of Section 2028.204 for that fiscal biennium; or
(2) $50 million.
(b) Once the comptroller determines the greater of the amount described by Subsection (a)(1) or (2) has been deposited during a state fiscal biennium into the escrow account established under Section 2028.204(b), for the remainder of that fiscal biennium the comptroller shall deposit the amounts allocated under Section 151.801(c-3), Tax Code, into the general revenue fund.
(c) The balance of the escrow account established under Section 2028.204(b) shall not exceed $50 million.