Sec. 3. MANAGEMENT; EQUALIZATION TAX. The general management, supervision and control of the public schools and of the educational interests of each county adopting the provisions of this law shall be vested in the County Board of School Trustees, except as otherwise provided by law, and said Board shall perform such duties as are or may be required of it by existing law and by the provisions of this Act and shall constitute the Board of Trustees for such county-wide district. Any such county-wide school equalization district formed in the manner hereinabove provided may levy and collect annually on all taxable property in the county an equalization tax not to exceed Ten (10ยข) cents on the One Hundred ($100.00) Dollars valuation of property situated in said county, and the money derived from such tax shall be known as an equalization fund for the support of the public schools of the county, which fund shall be distributed to the school districts of the county as provided herein.
Structure Texas Statutes
Chapter 12 - County Unit System
Article 2740f-5. County Unit System in Counties of 27,000 to 30,000
Section 2. Election on Adoption
Section 3. Management; Equalization Tax
Section 5. Assessment and Collection of Tax
Section 7. Distribution of Tax Money
Section 8. Trustees' Duties and Powers Not Affected; Levy and Collection of Tax