| Issue Date: | |
|---|---|
| Revised Date: | 2021-12-06 |
Legal Cites
- Tax Code sec. 162.503, sec. 162.504, sec. 162.506
- Education Code sec. 43.001, sec. 43.002
- Texas Constitution art. VII sec. 5
Origin:
1891
Purpose
To receive distributions from the Permanent School Fund (0044) based on total return of investment assets, a percentage allocation of motor fuel taxes authorized by the constitution or general law and appropriations made by the Legislature. To be used for the support of public free schools.
| Classification | Group 02: Constitutional Funds Expendable for a Specific Purpose [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
Amended by H.B. 72, 68th Leg. 2nd C.S.
Amended by H.J.R. 68, 78th Leg., R.S. as passed by the voters on September 13, 2003.
USAS Values
| USAS Title | AVAILABLE SCHOOL FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP |
| USAS Status | A |
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.