Sec. 47.002. FUND ESTABLISHED. (a) The tax reduction and excellence in education fund is a special fund in the state treasury outside the general revenue fund.
(b) The fund consists of:
(1) money appropriated by the legislature for deposit to the credit of the fund;
(2) gifts to the state for the purposes of the fund; and
(3) money directed by law for deposit to the credit of the fund.
Added by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 1.010, eff. January 1, 2020.
Structure Texas Statutes
Subtitle I - School Finance and Fiscal Management
Chapter 47 - Tax Reduction and Excellence in Education Fund
Section 47.002. Fund Established
Section 47.004. Deposit of Certain Money Dedicated for School District Ad Valorem Tax Rate Reduction
Section 47.005. Certain Money Distributed to Available School Fund
Section 47.006. Deposit of Money Based on Certain Sales and Use Tax Collections