Sec. 47.003. USES OF FUND. Except as otherwise provided by this chapter, money in the fund may be appropriated only:
(1) to pay the cost of tier one allotments under Chapter 48; or
(2) for the purpose of reducing school district maintenance and operations ad valorem tax rates.
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