Tex.
Gov't Code Section 490I.0108
Broadband Development Account
(a)
The broadband development account is an account in the general revenue fund.(b)
The account consists of:(1)
appropriations of money to the account by the legislature;(2)
gifts, donations, and grants, including federal grants; and(3)
interest earned on the investment of the money in the account.(c)
The comptroller shall deposit to the credit of the account federal money received by the state for the purpose of broadband development, to the extent permitted by federal law.(d)
Money in the account may be appropriated only to the broadband development office for purposes of:(1)
creating or updating the map described by Section 490I.0105 (Broadband Development Map);(2)
administering the broadband development program under Section 490I.0106 (Broadband Development Program);(3)
creating or updating the state broadband plan under Section 490I.0107 (State Broadband Plan); or(4)
engaging in outreach to communities regarding the expansion, adoption, affordability, and use of broadband service and the programs administered by the office and equipment.(e)
The account is exempt from the application of Sections 403.095 (Use of Dedicated Revenue), 403.0956 (Reallocation of Interest Accrued on Certain Dedicated Revenue), and 404.071 (Disposition of Interest on Investments).
Source:
Section 490I.0108 — Broadband Development Account, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.490I.htm#490I.0108 (accessed Jun. 5, 2024).
