Sec. 487.558. PERMANENT ENDOWMENT FUND. (a) The permanent endowment fund for the rural communities health care investment program is a special fund in the treasury outside the general revenue fund.
(b) The fund is composed of:
(1) money transferred to the fund at the direction of the legislature;
(2) gifts and grants contributed to the fund;
(3) the returns received from investment of money in the fund; and
(4) amounts recovered under Section 487.555(e).
Added by Acts 2001, 77th Leg., ch. 435, Sec. 2, eff. May 28, 2001. Redesignated from Health and Safety Code Sec. 106.308 and amended by Acts 2003, 78th Leg., ch. 609, Sec. 6, eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 1276, Sec. 9.006(e), eff. Sept. 1, 2003.
Structure Texas Statutes
Subtitle F - Commerce and Industrial Development
Chapter 487 - Office of Rural Affairs in Department of Agriculture
Subchapter M. Rural Communities Health Care Investment Program
Section 487.553. Loan Reimbursement Program
Section 487.554. Stipend Program
Section 487.555. Contract Required
Section 487.556. Powers and Duties of Department
Section 487.557. Use of Telecommunication and Telemedicine
Section 487.558. Permanent Endowment Fund