Tex.
Gov't Code Section 403.1065
Permanent Fund for Rural Health Facility Capital Improvement
(a)
The permanent fund for rural health facility capital improvement is a dedicated account in the general revenue fund. The fund is composed of:(1)
money transferred to the fund at the direction of the legislature;(2)
payments of interest and principal on loans made under Subchapter G, Chapter 106, Health and Safety Code, and fees collected under that subchapter;(3)
gifts and grants contributed to the fund; and(4)
the available earnings of the fund determined in accordance with Section 403.1068 (Management of Certain Funds).(b)
Except as provided by Subsections (c), (d), and (e), money in the fund may not be appropriated for any purpose.(c)
The available earnings of the fund may be appropriated to the Texas Department of Rural Affairs for the purposes of Subchapter H (Definitions), Chapter 487 (Office of Rural).(d)
The comptroller may solicit and accept gifts and grants to the fund. A gift or grant to the fund may be appropriated in the same manner as the available earnings of the fund, subject to any limitation or requirement placed on the gift or grant by the donor or granting entity.(e)
Money in the fund may also be appropriated to pay any amount of money that the federal government determines that the state should repay to the federal government or that the federal government should recoup from the state in the event of national legislation regarding the subject matter of the case styled The State of Texas v. The American Tobacco Co., et al., No. 5-96CV-91, in the United States District Court, Eastern District of Texas.(f)
Sections 403.095 (Use of Dedicated Revenue) and 404.071 (Disposition of Interest on Investments) do not apply to the fund.
Source:
Section 403.1065 — Permanent Fund for Rural Health Facility Capital Improvement, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.403.htm#403.1065 (accessed Jun. 5, 2024).
