Sec. 351.159. DEPOSIT OF REVENUE. Notwithstanding any other law, the comptroller shall deposit the revenue from the taxes described by Sections 351.156 and 351.157 that were collected by or forwarded to the comptroller in trust in a separate suspense account of the qualified project. The suspense account is outside the state treasury and the comptroller may make a payment authorized by this subchapter without the necessity of an appropriation.
Added by Acts 2019, 86th Leg., R.S., Ch. 952 (H.B. 4347), Sec. 8, eff. September 1, 2019.
Structure Texas Statutes
Subtitle D - Local Hotel Occupancy Taxes
Chapter 351 - Municipal Hotel Occupancy Taxes
Subchapter C. Municipal Hotel and Convention Center Projects
Section 351.152. Applicability
Section 351.153. Exception to Ownership Requirement
Section 351.154. Nonprofit Corporation as Municipal Agent
Section 351.155. Pledge or Commitment of Certain Tax Revenue for Obligations for Qualified Project
Section 351.156. Entitlement to Certain Tax Revenue
Section 351.157. Additional Entitlement for Certain Municipalities
Section 351.158. Period of Entitlement