Tex. Occ. Code Section 2028.2041
Allocation of Certain Funds

(a)

In each state fiscal biennium, the comptroller shall deposit the amounts allocated under Section 151.801 (Disposition of Proceeds)(c-3), Tax Code, into the escrow account established under Section 2028.204 (Allocation of Money in Escrow Accounts)(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 (Allocation of Money in Escrow Accounts) 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 (Allocation of Money in Escrow Accounts)(b), for the remainder of that fiscal biennium the comptroller shall deposit the amounts allocated under Section 151.801 (Disposition of Proceeds)(c-3), Tax Code, into the general revenue fund.

(c)

The balance of the escrow account established under Section 2028.204 (Allocation of Money in Escrow Accounts)(b) shall not exceed $50 million.
Added by Acts 2019, 86th Leg., R.S., Ch. 1365 (H.B. 2463), Sec. 5, eff. September 1, 2019.

Source: Section 2028.2041 — Allocation of Certain Funds, https://statutes.­capitol.­texas.­gov/Docs/OC/htm/OC.­2028.­htm#2028.­2041 (accessed Apr. 29, 2024).

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Accessed:
Apr. 29, 2024

§ 2028.2041’s source at texas​.gov