Texas § 5009.101 ESTABLISHMENT OF FUND; DEPOSITS.

Texas Statutes

§ 5009.101 — ESTABLISHMENT OF FUND; DEPOSITS.

Texas § 5009.101

Code SDSpecial District Local Laws Code

This text of Texas § 5009.101 (ESTABLISHMENT OF FUND; DEPOSITS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Special District Local Laws Code Code Ann. § 5009.101 (2026).

Text

Sec. 5009.101. ESTABLISHMENT OF FUND; DEPOSITS.

(a)The district may establish a promotion and development fund.

(b)The district, from time to time, may deposit in the fund a portion of the district's accumulated money, plus an amount each year not to exceed 10 percent of the district's total maintenance and operation taxes, including delinquent taxes, received during a fiscal year.

(c)The commission shall determine the amount to be deposited in the fund.

(d)The money in the fund shall be kept separate from other money and accounts of the district.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 5009.101. ESTABLISHMENT OF FUND; DEPOSITS. (a) The district may establish a promotion and development fund.
(b) The district, from time to time, may deposit in the fund a portion of the district's accumulated money, plus an amount each year not to exceed 10 percent of the district's total maintenance and operation taxes, including delinquent taxes, received during a fiscal year.
(c) The commission shall determine the amount to be deposited in the fund.
(d) The money in the fund shall be kept separate from other money and accounts of the district.