(a) A school district is entitled to an annual allotment of $106 for each student enrolled in the district.
(b) Money allocated under this section may be used only to pay costs associated with:
(1) transportation;
(2) hiring retired teachers;
(3) providing health insurance and employee benefits and paying for payroll taxes;
(4) contributions and other costs under Subchapter E, Chapter 825, Government Code;
(5) utilities; and
(6) property and casualty insurance.
Official text of the Texas Education Code as published by the Texas Legislative Council.