(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.
Official text of the Texas Education Code as published by the Texas Legislative Council.