Sec. 47.004. DEPOSIT OF CERTAIN MONEY DEDICATED FOR SCHOOL DISTRICT AD VALOREM TAX RATE REDUCTION. (a) The comptroller shall deposit to the credit of the fund money that Section 49-g, Article III, Texas Constitution, dedicates to the purpose of reducing school district maintenance and operations ad valorem tax rates.
(b) Money deposited to the fund under this section may be appropriated from the fund only for the purpose described by Section 47.003(2).
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