Sec. 47.005. CERTAIN MONEY DISTRIBUTED TO AVAILABLE SCHOOL FUND. (a) Of the money distributed to the available school fund each year under Section 5(g), Article VII, Texas Constitution, the amount that exceeds the first $300 million is considered part of the tax reduction and excellence in education fund.
(b) Money considered part of the fund as described by Subsection (a) may be appropriated only to pay the cost of tier one allotments under Chapter 48.
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