Texas § 2028.2041 ALLOCATION OF CERTAIN FUNDS.

Texas Statutes

§ 2028.2041 — ALLOCATION OF CERTAIN FUNDS.

Texas § 2028.2041

Code OCOccupations Code

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Bluebook

Tex. Occupations Code Code Ann. § 2028.2041 (2026).

Text

Sec. 2028.2041. ALLOCATION OF CERTAIN FUNDS.

(a)In each state fiscal biennium, the comptroller shall deposit the amounts allocated under Section 151.801 (c-3), Tax Code, into the escrow account established under Section 2028.204 (b), until the comptroller determines the amount deposited into the account in that fiscal biennium equals the greater of:

(1)the amount appropriated to the commission for the purposes of Section 2028.204 for that fiscal biennium; or

(2)$50 million.

(b)Once the comptroller determines the greater of the amount described by Subsection (a)(1) or (2) has been deposited during a state fiscal biennium into the escrow account established under Section 2028.204 (b), for the remainder of that fiscal biennium the comptroller shall deposit the amounts allocated under Sect

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Sec. 2028.2041. ALLOCATION OF CERTAIN FUNDS. (a) In each state fiscal biennium, the comptroller shall deposit the amounts allocated under Section 151.801 (c-3), Tax Code, into the escrow account established under Section 2028.204 (b), until the comptroller determines the amount deposited into the account in that fiscal biennium equals the greater of:
(1) the amount appropriated to the commission for the purposes of Section 2028.204 for that fiscal biennium; or
(2) $50 million.
(b) Once the comptroller determines the greater of the amount described by Subsection (a)(1) or (2) has been deposited during a state fiscal biennium into the escrow account established under Section 2028.204 (b), for the remainder of that fiscal biennium the comptroller shall deposit the amounts allocated under Section 151.801 (c-3), Tax Code, into the general revenue fund.
(c) The balance of the escrow account established under Section 2028.204 (b) shall not exceed $50 million.