Education Code › Title 2 › Chapter 47

Texas Education Code § 47.004

Deposit of Certain Money Dedicated for School District Ad Valorem Tax Rate Reduction

Tax Reduction and Excellence in Education Fund

(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).

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

Official source
Legislative history

Added by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 1.010, eff. January 1, 2020.

This section refers to

§ 47.003

Other codes referenced

Const. Art. III, § 49-g