Tex. Ins. Code Section 251.004
Deposit of Maintenance Taxes

(a)

Except as provided by Subsection (b), maintenance taxes collected under this subtitle shall be deposited in the general revenue fund and reallocated to the Texas Department of Insurance operating account.

(b)

Each state fiscal year, the comptroller shall reallocate to the floodplain management account established under Section 16.453 (Floodplain Management Account), Water Code, the first $3.05 million of the maintenance taxes collected under Chapter 252 (Fire and Allied Lines Insurance) and deposited in the general revenue fund.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 1323 (S.B. 1436), Sec. 1, eff. September 1, 2007.
Acts 2019, 86th Leg., R.S., Ch. 947 (S.B. 7), Sec. 3.02, eff. June 13, 2019.

Source: Section 251.004 — Deposit of Maintenance Taxes, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­251.­htm#251.­004 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 251.004’s source at texas​.gov