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Fund 0002 – Available School Fund

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Legal Citations:

Texas Constitution art. VII sec. 5
Tax Code sec. 162.503, sec. 162.504, sec. 162.506
Education Code sec. 43.001, sec. 43.002

Origin Date: 1891

Issue Date:

Revised Date: 2021-12-06

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

701 – Texas Education Agency

Financial Activity

To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:

Notes

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.

Accessibility Policy