Texas Statutes
Subchapter A. General Provisions
Section 43.020. Treatment of Accrued Income

Sec. 43.020. TREATMENT OF ACCRUED INCOME. All interest and dividends accruing from the investments of the permanent school fund shall be deposited to the credit of the available school fund in accordance with the accrual basis of accounting. Funds recognized under this section are considered part of the available school fund and may be appropriated as provided by Section 5, Article VII, Texas Constitution.
Added by Acts 2003, 78th Leg., ch. 201, Sec. 37, eff. June 10, 2003.

Structure Texas Statutes

Texas Statutes

Education Code

Title 2 - Public Education

Subtitle I - School Finance and Fiscal Management

Chapter 43 - Permanent School Fund and Available School Fund

Subchapter A. General Provisions

Section 43.001. Composition of Permanent School Fund and Available School Fund

Section 43.002. Transfers From Permanent School Fund and General Revenue Fund to Available School Fund

Section 43.003. Investment of Permanent School Fund

Section 43.0031. Permanent School Fund Ethics Policy

Section 43.0032. Conflicts of Interest

Section 43.0033. Reports of Expenditures

Section 43.0034. Forms; Public Information

Section 43.004. Written Investment Objectives; Performance Evaluation

Section 43.005. External Investment Managers

Section 43.0051. Transfers to Real Estate Special Fund Account of the Permanent School Fund

Section 43.0052. Quarterly Reports

Section 43.006. Investment Management

Section 43.007. Purchase and Sale or Exchange of Securities

Section 43.009. Prepayment of Certain Bonds Held by the Permanent School Fund

Section 43.010. Default of School District Securities Held by the Permanent School Fund

Section 43.011. Authorized Refunding of Defaulted School Bonds

Section 43.012. Refunding Other Defaulted Obligations

Section 43.013. Jurisdiction

Section 43.014. Duties of Comptroller

Section 43.015. Duties of Comptroller

Section 43.016. Use of Available School Fund

Section 43.017. Use of Commercial Banks as Agents for Collection of Income From Permanent School Fund Investments

Section 43.018. Participation in Fully Secured Securities Loan Programs

Section 43.019. Accounting Treatment of Certain Exchanges

Section 43.020. Treatment of Accrued Income